Buy USD vs EUR

After seven years of decrease during which the US Dollar lost 40% of its value against the Euro, it is now time to reverse the trade and buy EUR vs USD. Euro zone has fallen into serious recession while the US, though close to recession as well, have much more capacity to rebound quicker.

GDP growth forcecasts (Source JPMorgan)

















20082009
United States1.5%2.0%
Euro area1.2%0.4%

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