U.S. Dollar Euro Position
This is bouncing around currency trading desks on Wall Street:
>
The current US Dollar position against Euro:
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I just realized that i can post pretty much anything, regardless of how offensive it might be, even if its not true, so long as I preface it with the phrase: "This is bouncing around trading desks on Wall Street."
I will try not to abuse this privilege too often . . .
Thursday, April 17, 2008 | 04:32 PM | Permalink
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Comments
A picture is worth a 1000 words
Posted by: Chris Noyes | Apr 17, 2008 4:40:33 PM
I wonder if Euro got any STDs from tainted dollar?
Posted by: Jonathan | Apr 17, 2008 4:49:37 PM
The dollar looks like a willing participant.
Posted by: Marcus Aurelius | Apr 17, 2008 4:50:29 PM
a few goog shorts experiencing the same thing tonight.its +74
Posted by: vhehn | Apr 17, 2008 4:51:43 PM
I never thought that the sophisticated Europeans would go for the missionary position.
Posted by: AGG | Apr 17, 2008 5:17:56 PM
Is this a new take on the "Bottom" Line ?
Posted by: AGG | Apr 17, 2008 5:20:39 PM
The dollar is a parentless kid who is now being molested by his uncle Ben.
Posted by: ReturnFreeRisk | Apr 17, 2008 5:20:50 PM
Gives a whole new meaning to the money shot.
Posted by: BustaMove | Apr 17, 2008 5:26:27 PM
Is that missionary? Looks more like a good ol' doggie-style to me. I bet the dollar, though being f---ed, ain't getting kissed...
Posted by: DonKei | Apr 17, 2008 5:29:34 PM
And they say the Turks always get better by looking at things in a sexual perspective.
Well done Zeynel, well drawn.
Posted by: Ali Saygin | Apr 17, 2008 5:37:59 PM
Way I heard it...the dollar was askin' for it.
Posted by: Al Czervic | Apr 17, 2008 5:49:50 PM
Anything going around in the same vane concerning JPM lubing up BSC shareholders? LOL at your graphic!
Posted by: SPECTRE of Deflation | Apr 17, 2008 5:50:33 PM
Daddy, why are the moneys fighting?
Posted by: Roger Bigod | Apr 17, 2008 6:00:56 PM
I was just wondering if the Dollar was a dude...
Posted by: Bob A | Apr 17, 2008 6:06:08 PM
I was just wondering if the Dollar was a dude...
Posted by: Bob A | Apr 17, 2008 6:07:46 PM
I thought the saying went "KICK 'em while they're down"...but what is two letters between friends.
Posted by: Mich(^IXIC1881) | Apr 17, 2008 6:09:06 PM
And last summer I made the stupid decision to lock-in travel plans for a three week summer 2008 Euro vacation.
Posted by: Bud | Apr 17, 2008 6:18:52 PM
Oooo eez u-ar dad-eee?
Posted by: Winston Munn | Apr 17, 2008 6:29:24 PM
Now, that's a contrarian indicator!
AT
Posted by: Andy Tabbo | Apr 17, 2008 9:07:01 PM
nasty image... nasty.
Don't the Greeks use the Euro?... nevermind.
Posted by: stuart | Apr 17, 2008 9:40:38 PM
The way it's been recently I believe the dollar is facing the opposite direction from what most are assuming, not missionary or doggy but skull.
It does make me wonder how much of multinationals' positive earnings so far are due to this ream job (and others since the Euro hasn't been the only currency getting some of that action), rather than operations...
Posted by: dug | Apr 17, 2008 11:36:34 PM
oooohhhh ¥€$ ¥€$ ¥€$ !!
Posted by: eurobuddha | Apr 18, 2008 4:19:37 AM
Big Picture top ticks the Euro by posting snarky pictorial of the US Dollar taking it missionary style from the Euro. Love it when non-MSM media becomes MSM and sometimes a contrarian indicator.
We may see some slight higher highs in the euro and commodities but we could well be near a multi year peak on all these "en vogue" trades. There is significant downside risk in all those "safe havens." Take your profits on GLD, MOO, USO, UNG, potash, mosaic...etc, etc....
Posted by: Andy Tabbo | Apr 18, 2008 9:58:44 AM
That depicted position is certainly quite dated. Maybe two or three years old. Now it's being passed around again?
The $USD rallied (EUR fell) the first time I viewed that depiction on a blog.
Posted by: Steven | Apr 18, 2008 12:29:20 PM
Someone should send this to Bernanke and Paulson(and his other Bush admin buddies).
Posted by: Clay | Apr 18, 2008 1:11:02 PM
