Dollar Up After Greece Weighs Leaving EU And Starting Their Own Currency

http://www.reuters.com/article/2011/05/06/businesspro-us-greece-eurozone-exit-idUSTRE74546320110506

(Reuters) – Greece has raised the
possibility of exiting the euro zone in discussions with the European Commission
and other member states in recent days, Germany’s Spiegel Online reported on
Friday.

The magazine said euro zone finance ministers
were meeting in Luxembourg on Friday evening to discuss the Greek crisis and
that a possible restructuring of its debt would be on the agenda of the
meeting.

“The government has raised the possibility of leaving the euro zone and
reintroducing its own currency,” the report said, without citing its
sources.

I feel like I’ve been a broken record for the last 4 months expressing my bullishness for the dollar index. Powershares DB Bullish US Dollar Fund (UUP) is higher once again trading up $.10 (.47%). Currency shares EuroTrust down $1.27(.86%).

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About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

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