Hi guys. My last strategy was to move from Dollars to Euros, but this seemed not to be a good idea at the end
European Central Bank's announcement of a possible interest rate hike next month
sparked off chaos among investors who started buying Euros dumping the dollar. Ken Landon, a global currency strategist at JP Morgan Chase in New York, said: "Trichet was extraordinarily more hawkish than his previous statements. He mentioned a possible move in July and that has given the euro a big boost."
The euro gained half a percent to $1.5511. Against the yen, the euro surged 1.3 percent to 164.58.
I hope I will make it right next time :$
Cheers!