KrunchieKilleen
Short

EUR/USD heads for parity

FX:EURUSD   Euro Fx/U.S. Dollar
223 0 3
The uptrend of the Euro             against the US Dollar             seems to have aborted, and the Euro             plunges towards parity with the Dollar. Causes for the change: Great Britain prepares contingency plans for leaving the EU (so what? Just the effects this story has on sentiment); The Greek government announces its intention to default on IMF payments (hardly unexpected); European Central Bank announces intention to double its Quantitative Easing (clever damper on the surge of the Euro             ); but, more importantly, better economic figures from USA and FED hints that its interest rates may increase as early as September 2015. Blocks on EUR/USD             journey towards parity occur about now ($1.085), and, again, around $1.05.
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