The last 3 day’s of trading have confirmed the view in my previous post that EUR was likely to fall (EURUSD down close to 2% thus far) with generally good news about the Greek crisis (due to the funding currency nature of EUR in the post-ECB QE and negative deposit rate world). And thus far … More Update on EUR and Greek negotiations
News about the Greek negotiations has steadily deteriorated, culminating in Monday’s emergency summit (although the agony could conceivably be extended until 25-26 June Heads of States of the Union meeting). Yet at the same time the euro has been flat to rising: EURUSD is up nearly 3% on the month and 0.6% last week despite … More Why has the Euro been so resilient in the face of the growing Greek crisis? Where from here?