tag:blogger.com,1999:blog-34323687.post6106091541111020884..comments2024-03-29T09:24:42.731+00:00Comments on Macro Man: I heart riskMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-34323687.post-45175352144103133302007-03-23T09:58:00.000+00:002007-03-23T09:58:00.000+00:00Yes, I think it ultimately does go back up there.....Yes, I think it ultimately does go back up there...but there's nothing to say it won't have a pop at 243 or even lower first. Particularly in the dollar comes under pressure, model driven selling of USD/HUF could be a catalyst for a lower EUR/HUF.<BR/><BR/>From a risk management perspective, I managed to turn a huge loss into a small loss...and I am happy to exit and wait for a better opportunity to re-establish.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11706208848478242932007-03-23T09:50:00.000+00:002007-03-23T09:50:00.000+00:00Everchanging risk appetite ...23 Mar 2007 09:46 GM...Everchanging risk appetite ...<BR/><BR/>23 Mar 2007 09:46 GMT<BR/><BR/><BR/>DJ MARKET TALK: EUR/HUF To Return To 250-260 Soon - Commerzbank<BR/>0946 GMT [Dow Jones] EUR/HUF is to return "pretty soon to the well-worn 250-260 zone, once speculation abates that Hungary might abandon its HUF trading band," says Commerzbank. Reason for the finance ministry's denial of the rumor "is obvious: an end of the exchange rate band in the current environment would probably lead to a significant HUF appreciation, which would be neither politically desirable nor economically necessary," Commerzbank says. EUR/HUF is at 246.60. (MAF)Anonymousnoreply@blogger.com