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Euro Forecast: Reversals Gather Pace in EUR/JPY, EUR/USD
On balance, the Euro has had a weak December. Thanks to dramatic shifts in key macro themes – the ‘race to the bottom’ among central banks, the US-China trade war, and Brexit vis-à-vis the UK general election – there has been a rush by traders into currencies that have struggled this year under the weight of geopolitical tensions. Thus far in December, the Euro has only gained ground against three currencies: the Canadian Dollar (EUR/CAD 0.23% month-to-date); the Japanese Yen (EUR/JPY 0.76%); and the US Dollar (EUR/USD 0.93%). Elsewhere, the losses have been steep: the British Pound (EUR/GBP -2.2%) and the ... (full story)
