The 18-member single unit has its work cut out if there is any hope to gain sustainable traction. There are a plethora of negatives currently impeding the EUR's rise in the short term despite the modest miss in Friday's nonfarm payrolls (NFP) headline print that has the dollar closing out the week on the back foot. General European underperformance, coupled with real money focused on diminishing or reversing their European asset flows, will weigh on the EUR. European bourses tumbled for a third consecutive session Friday, mostly on the back of a lackluster European earnings season and concerns that the Federal ... (full story)