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The Euro is Stronger than you Think

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If you listen to the rhetoric around the Euro you would think the currency was crashing:

EUR/USD keeps the bearish view – Scotiabank
EUR/USD visits fresh lows post-US data

Most of this negative Euro-rhetoric is more about the USD than the Euro. While the Euro has had some significant negative days, the currency is slightly higher today than it was one month ago and about the same level it was three months ago.

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