It is time USD to start strengthening against EUR, EUR-USD exchange rate is already up high enough to start correction, EUR is quity overbought, that can be resulto of some expectation like ECB interest rate decision next month and other factors which is currently very popular, so this factors postpone this process so far. If USD does not start strengthening soon that will be perceived as a problem…
From above 1.42 something is down to 1.4080, the trend should continue
ReplyDeleteIf ECB raises interest rates this month and if Japan starts selling its USD reserves then it will be quite difficult time for dollar....we will se what happens...next 1-2 month will show how things are going to develop
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