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CVecchioFX3e

EUR/USD Rallies as DAX Declines; Hedges Lifted

U.S. Dollar / Euro (FX_IDC:USDEUR)  
CVecchioFX3e  
FX_IDC:USDEUR   U.S. Dollar / Euro
USD (US Dollar) DAX Index ecb fed pboc USD (US Dollar)
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usd-us-dollar dax ecb fed pboc usd-us-dollar
At heart, the Euro is a funding currency. Investors are using it as a vehicle to operate in other asset classes. Look no further than the performance of inverse EURUSD (USDEUR on the chart) versus the German DAX since the middle of September 2014 - right after the ECB pushed its interest rate corridor into negative territory.

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