In an interesting note today, Commerzbank's lutz karpowitz discusses the reasons for EUR/USD current robustness and what does this mean for CB's current forecasts for the cross. The following are a selection of excerpts constituting the core argument in this note. "The majority of analysts expect lower rates in EUR-USD until year-end and, based on the development since the start of the year, they are incorrect with this view. Why is that? Only if we understand why EUR-USD is currently so robust will we be able to get an impression whether this situation might possibly continue longer term thus requiring a change in ... (full story)