After meandering around for several weeks, EUR/USD broke decisively lower on Friday, perhaps marking an abrupt end to the summer volatility lull. EUR/USD weakness (-1.13% on the week) was not a sign of broad Euro weakness, per se; the Euro’s performance was mixed across the board. EUR/GBP led the way lower by -1.61%, while EUR/JPY, buoyed by resilient equity markets, rose by +0.47%. First, I’ll address the abrupt weakness in EUR/USD, then I’ll discuss whether or not there are reasons to be concerned about the Euro more generally.EUR/USD: Was This ‘The Turn’ into the September FOMC Meeting? My first thesis: there was ... (full story)