This pair is the highest (2.4536+/-) since at least 3/04 when the high was about 2.3885. Thats about 650 pips higher! Any idea as to why and what the near future may hold for this pair? Given that the rate is, as I understand it, "synthetic", that is, artificially established, why is it being allowed to go so high? Thanks.
"Loss and failure are inevitable but misery is optional"