It is better for tourism & exports {which both is the primary for Europe} to have a lower valued currency.
If I were the ECB I would sell the S*&T out of the EURO tonight and drive that price down to 1.29xx by end of December.
A $10,000,000 pip would be what kind of return now?
{or better yet if I was on the board of any central bank, I would just bet against my currency and talk crap for a week .... & then retire with a 'happy' looking forex account!} & thank god for no insider trading with Forex.
If I were the ECB I would sell the S*&T out of the EURO tonight and drive that price down to 1.29xx by end of December.
A $10,000,000 pip would be what kind of return now?
{or better yet if I was on the board of any central bank, I would just bet against my currency and talk crap for a week .... & then retire with a 'happy' looking forex account!} & thank god for no insider trading with Forex.