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EUR/USD Forecast: What's the Incentive to Buy the Euro?
EUR/USD has been falling steeply for the past month now, dropping from a recent high just above 1.19 on September 3 to its current levels around 1.1550. Indeed, at one stage last week the pair reached its weakest point since July 2020. Against this background, it could be seen as “cheap” enough to attract some dip-buyers and bottom-fishers, but where is the catalyst for a change in direction? The problem for Euro devotees is that the European Central Bank remains near the back of the queue of central banks thinking of tapering their monetary stimulus programs and, until it nears the front, the Euro will likely ... (full story)