Very interesting to watch EURUSD ahead of the ECB annoucement.
Can't wait to see how Christine Lagarde repeat gradualism, optionality and flexibility over and over again, ask the reporters to forgive her for quoting the script just one more time, and at the same time try to signal imminent rate hikes!!
It's just gonna be FUN!!
I wonder what color is she wearing...
If there is a time for a currency to be relatively weak, it's during recessionary periods. A stronger currency entails a rougher time for goods and services to be exported out of the country as those exports are more expensive due to the stronger currency.
This is currently the case for the Euro. From August last year to the latter part of 2020, the EUR/USD...
