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Melco Crown Entertainment Limited Message Board

  • barebuttbob2014 barebuttbob2014 Mar 12, 2014 8:41 PM Flag

    Note Falling US$

     

    MPEL is forced up as the US$ devaluates, just like food prices rising at the grocery store. Takes more money to buy the same items. Takes almost $1.40 now to buy one Euro….proof confidence in US$ is declining by arbitrage traders. To make money, the price of MPEL has to rise faster than devaluation. Last few months the US$ has devalued 5.3% against the Euro. Don’t understand this? Put me on ignore.

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MPEL
19.95+0.15(+0.76%)Jul 29 4:00 PMEDT