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EUR feeling pinch, Trump tax policies would boost USD
The EUR has underperformed most currencies this year, despite signs of strengthening economic recovery in the Eurozone. Political risk and the Greek debt merry-go-round may be weighing on the currency. Widening in Eurozone periphery bond spreads continues as a trend, and the alternative right contender in French elections in April/May Marine Le Pen is seen in betting markets as having as much chance of victory as the two leading moderate contenders Macron and Fillon. Two weeks ago, Trump raised expectations of an announcement of major tax reform very soon and sounded constructive towards China and Japanese trade ... (full story)