End of the line for euro/dollar ascent?
We are approaching the beginning of the end for euro/ dollar ascent. The demerits of the euro are mounting, and I am no longer convinced that euro/dollar can continue to ‘rally by default’.
The ambivalent and dovish comments from European finance ministers following the Ecofin meeting have largely nullified the initial impact of the European Central Bank’s (ECB) verbal intervention. I believe this was a policy mistake -- there is now a significant risk that the market will push euro/dollar as
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