[Beck_isright]

Maybe not next month. But after the Fed cuts rates again, I could see 1.25 easily.

[longjack]

Maybe not next month. But after the Fed cuts rates again, I could see 1.25 easily.

The German newspaper "Die Welt" has an article about this today. Some estimates in Germany are running at 1.45. Merrill Lynch / Goldman sachs are estimating 1.34/1.35.

The article reports the profit loss estimate is 4.7% loss per 10% rise in the Euro. Porsche, due to the 30% rise in the Euro, has had profits cut 30% this year.

Here's the article, in German, though:

"Die Welt"..Währungsexperten hissen die rote Flagge (Currency Experts Raise the Red Flag)

longjack

[longjack]

A correction about Porsche:

The article said a 10% raise in the Euro since last year shaved 30% off Porsche's profits.

longjack