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Breakingviews: Becoming a euro bull now may be ill-timed

Monday, March 31, 2014 - 02:30

Mar. 31 - Growing numbers of European exporters are becoming bullish on the euro but this conversion may be ill-timed, says Breakingviews.

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Here -- exporters have been Euro advanced for a while now and they've been. Badly burned as a result. Looks like they're now becoming bulls but swapped punts tonight from breaking views. Thinks this is the wrong time to change that called on the Euro was -- him. Well they've been around for a long time succumb to stunt by the finally -- thing the problem is the European central funky sanction such signs of concern about the year and it's not clear that the rally. Has huge amounts Longo left Iran. So looking in exchange rates now for three to six months is probably and also -- -- -- -- Punish certain to lose two years it costs six months to a year who have who who have schools -- -- talks about hedging and and how much has been lost as a result of what what strikes me is interest in those. European exporters as a bunch of course that I mean these guys have their own in house ethics experts what -- what is this being. Why has this been such a disaster. The -- can not -- most of the economists that are being pulled on foreign exchange shuffle costs of Olson called it long drawn to your roots and economies being weak. Inflation has been -- the European central bank's targets -- -- console at least more accommodative monetary policy was expected to not would reconfigure. None of that happened unfortunately salute it's tough how the that are simply political. And of course week you were approaching one foresee the the European Central Bank meets again this week -- 140 levels seems Vietnam Cuba. And again. With Draghi. Ready to act in some way most people seem to think what seems an old cold to be durable. Yet exactly spots on the right and also the inflation the flash inflation which we've got today is no point 5% it's really not helping. Anything at the -- strength with compounding the pressure on the ECB particularly since -- hire you or keep some -- inflation so you're trying to so. Strange time to change views that human nature being what it is like it's been reacting to what's in the. So bad timing as far as you as -- so many times that's brought her tonight from Matt -- breaking views if you're forcing US show twelve cities and 1670. GMC. -- -- -- --

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Breakingviews: Becoming a euro bull now may be ill-timed

Monday, March 31, 2014 - 02:30