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The Euro's Surprises May Just Be Getting Started
The euro is on the move, due to positive fundamental and technical reasons. And there is likely still more upside ahead -- potentially a lot more. The European Central Bank meets Thursday, and although this gathering may be ho-hum, with no real changes in policy, the realities of a strong economy will put pressure on the bank's president, Mario Draghi, to start mapping an exit strategy from ultra-accommodative measures before inflation becomes a problem. In 2017, the shared currency had its best year against the dollar since 2003, rising from a low of about $1.04 in early January to finish at $1.20. Bearish parity ... (full story)
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