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Why Isn’t the EURUSD at 1.30?

Why Isn’t the EURUSD at 1.30?

5 Years ago | August 14, 2014 00:00:00

I hate to sound nostalgic but there was a time when the current EUR picture would be considered a perfect bear storm and the forex market would be pounding it lower. You can still make this perfect storm case although the price action remains cautious despite the current downtrend. So the question is given the poor economic news, geopolitical events, a dovish central bank, Draghi sending a verbal signal that the ECB wants a weaker currency, falling yields, why is the EURUSD moving down at a snail’s pace when measured for the year-to-date?

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