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Can German ZEW Turn the Euro Around?
For the last month, the Euro has been getting weaker against its major trading partners. The EURUSD took a particularly strong move lower after the ECB failed to substantially change its monetary policy. Although it was a relatively strong move, it was within the general trend seen since the beginning of last year. The move has left the Euro at its weakest point since well before the last financial crisis. The question now is whether the trend will continue. Can the Euro fall to parity with the dollar? Well, that would depend on the data. The chief instigator of move in the EURUSD is the differential in bond yields, ... (full story)