The Euro has been sliding for the better part of the past two weeks, plagued by two main issues: the European Central Bank attempting to wrestle inflation pressures while preventing bond market fragmentation; and growing stagflation concerns as energy prices remain elevated and growth slows. With the July Fed meeting helping slam the brakes on the US Dollar rally, EUR/USD strength is more a function of greenback weakness than Euro strength. A look around the EUR-crosses suggest that structural issues – both fundamental and technical – remain persistent after bullish opportunity slipped away late last month. Despite ... (full story)