EURO BULLS ARE GETTING WRECKED.
The euro just can’t catch a break.
EUR/USD → $1.116
- 17-month low.
- 0.8% down today.
- 4.5% lower since August.
French debt stress is increasing, the France-Germany bond spread is widening and growth expectations are weakening.
The euro is basically getting squeezed from both sides.
The euro just can’t catch a break.
EUR/USD → $1.116
- 17-month low.
- 0.8% down today.
- 4.5% lower since August.
French debt stress is increasing, the France-Germany bond spread is widening and growth expectations are weakening.
The euro is basically getting squeezed from both sides.
