Forex traders finally sell euros

Forex traders took the queue from super Mario to sell euros today as their leader abandoned them.

Super Mario is been jawboning (talking for you not in the markets slag) the euro exchange rate down this afternoon as he appears in willing to allow the currency to go above 1.4000 which technically will push it towards 1.4950.

If the euro exchange rate was to go to 1.4000+ the effect would be wide felt as now only four countries have falling prices – it would push the other club med and eastern bloc countries down the same path.

china seems happy for this to happy in the aim of saving it self and flooding Europe with cheap imports and diversifying itself out of US dollars

who knows maybe just maybe forex traders will stop buying euros – just maybe