Beats me when it is not even in their charter. It would take many quarters to years to approve such a thing.
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How can the Euro be above 1.35 if the market is convinced they will print more Euro’s? I don’t understand how we can be in worse shape than last year and the market be convinced we’re going to print more Euro’s and this not be discounted in the price of the Euro. The only explanation I can think of is that people still think the US will out print Europe and that will out weigh the Euro’s loss of credibility.
Long dollars!