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Lose-Lose Situation for the Euro
If the ECB continues its policy regarding bond buying, the euro is set to fall. If it launches QE, it will likely follow the path of the greenback after QE2, with one specific euro cross set to gain. Christopher Vecchio of DailyFX analyzes the current situation of the euro, the bright side for the pound in the aftermath of the EU Summit, the low likelihood of more US QE, how the Canadian dollar will react to rising tensions around Iran, and more in the interview below. Christopher Vecchio is a currency analyst for DailyFX. With a background in political science and law, he focuses on the interrelationships between ... (full story)
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