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Thursday, March 25, 2010

Top currency hedge fund: Euro could plummet to parity with the dollar

John Taylor, chairman and chief executive officer of FX Concepts LLC, the world's largest currency hedge fund, sees the euro dropping to $1.20 by August, and believes parity is possible.

... More from Taylor: "It's going to be quick because things are really falling apart... Some of these [countries] have to be thrown out [of the EMU]...

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