The Eurozone economic outlook is improving and portfolio flows into the region seem to be on the rise again. Hopes are growing that Greece will get short-term funding relief and investors are squaring USD-longs in the wake of the March Fed meeting. EUR/USD could consolidate some more and EUR-volatility could subside in the near term. Our analysis so far indicates that: 1. EUR need not benefit from a further improvement in Eurozone economic data given that it is unlikely to significantly affect the ECB policy outlook any time soon. 2. EUR need not benefit from continuing inflows into the Eurozone (stock) markets so ... (full story)