When the facts change I change my mind, what do you do sir
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Watch Out, Euro May Be About to Flex Its Muscle
An expectation for the euro to head lower against a broadly-robust U.S. dollar could be turned on its head if economic data from the recession-hit euro zone continue to surprise on the positive side, currency strategists say. The euro rose about half-a-percent on Monday after data showed that manufacturing output in the euro zone improved in June to a 16-month high in a sign that the euro zone economy was stabilizing. It was trading at about $1.3060 on Tuesday, moving away from a three-week low hit last week just below $1.29. "There have been some better numbers so there's some hope on the growth side," said Sean ... (full story)
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