EUR needs air

From oanda.com

The Euro framework continues to cause jitters and the dollar is starting the week where it happily left off on Friday, in demand. For a multi nation currency, Euro policy makers seem intent to follow the path of least resistance and talk their currency out of danger. This reactionary approach is beginning to have holes in its argument, as the single unit again eyes its recent multiyear lows despite the currency’s performance in an aggressively oversold market. The greenback has appreciated overnight against the majors minus the yen, extending Friday’s performance, while global equities falter at the start of the ... (full story)