Friday, May 1, 2009

Standard Bank is waiting for opportunities to buy euros on the decline

Apart from the stress tests for U.S. banks and the problem of pig influenza, investors are also concerned about the uncertainty associated with the further steps the European Central Bank. Standard Bank analysts believe that the Central Bank may exceed the expectations of the market in the context of the quantitative easing. If so, the euro may fall to levels that once again make it attractive to buyers.

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