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Friday, 24 February 2012

China likely to support euro

The anomalously high euro reflects expectations that China will provide financial support to Europe and the euro, argues Jim Sinclair.

The euro, currently trading above US$1.33, is nowhere near the June 2010 low of $1.19, despite the current outlook for the euro being the worst ever.

Courtesy of OptionVue Systems

Chinese support will no doubt come at a cost to Europe, just as European support of Greece comes at a cost to Greece.

I thank King World News and Jim Sinclair for this interview.

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