KrunchieKilleen

EUR/USD bounce: it's not about the Euro

FX:EURUSD   Euro / U.S. Dollar
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QE seriously launched in the Euro             zone, followed by swing to the anti-austerity left wing in the Greek elections: factors that would signify continuation of the downward plunge of the Euro             . The bounce-back of the last two days is not about the Euro             . It's about the ending of the US Dollar             rally against the currencies of the rest of the world. We can anticipate that the EUR/USD             will continue upwards for a little while, but then revert into a decline against the rest of the world.
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