Poor Soros. I wonder just how much he invested in the Euro to
undermine the US dollar. Now to protect his money he has no choice but to buy back the USD to avoid loosing too much.
Moveoff and Democrat coffers might be a little short of contributions this year...
"Now to protect his money he has no choice but to buy back the USD to avoid loosing too much."
No choice? LOL! Like the USD is the only currency in the world. There are others that are stronger you know.
Mr. Bush is helping plenty with his massive deficit spending.
A concern about the fall of the Euro must be whether it makes the dollar more attractive and inspires Washington to commit even higher levels of deficit spending.
Thus Soros will have to SELL Euros and (horror) buy Dollars .....so contributing to the further decline in the Euro.
Schardenfreude