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Euro trades at two-decade low against the dollar. And some think it could slide much further
The euro traded at a two-decade low of 0.9903 against the U.S. dollar Tuesday morning, with analysts predicting the single currency will continue to slide. “Our outlook and our trades and our position on the strategist side are definitely biased towards further euro depreciation from where we are now,” Luis Costa, head of CEEMEA strategy at Citibank, told CNBC’s “Squawk Box Europe” on Tuesday. “This is the primary point of euro vulnerability now,” Costa said. There are multiple factors at play when comparing the euro and the dollar, working in tandem with the ongoing conflict in Ukraine and mounting ... (full story)
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Fortune favors the brave.
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The elites think we are stupid. They are in the main quite correct.
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