EUR/USD resilience is the name of the game and these last couple of weeks are just a case in a point. ECB speakers tried to talk the singly currency down, EUR/USD inched higher. Very strong US data that bet all of the expectations, EUR/USD still on the rise. So, what is actually going on? Simply put it, cash flows still have the upper hand over macro fundamentals in driving EUR/USD. The latest proprietary flows data from Deutsche Bank released today solidifies this argument. "M&A flows in the United States turned sharply negative over the week, on account of a USD 15.7bn deal fixed between Euro zone and US. The ... (full story)