Outlook We are sometimes accused of being a dollar perma-bear, but look at the evidence—every time the chart indicates a euro pullback (and the background environment supports that view, as it does this time), some-thing comes along to propel the euro higher. In today’s case, the “something” is good service sector PMI’s in Spain and Italy, plus the Markit forecast that the rise in the eurozone composite will lead to 0.5% growth in Q2. This is a game-changer. It relieves Draghi of the need to
Reported by FXstreet.com 9 hours ago.
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