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Blowback

Blowback


War anxiety propels euro above dollar



“Growing fear of war in Iraq has pushed Europe’s common currency, the euro, sharply higher against the dollar, reversing a long-established pattern in which geopolitical jitters led investors to seek refuge in U.S. currency


Analysts say the euro is showing signs of becoming a serious rival to the long-dominant dollar on world markets.”


It is highly unusual for investors to be leaving the dollar on war nerves. This indicates a massive geopolitical / financial shift is occurring. 

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