Disliked{quote} Asia has been madly buying euro since start of week..crazy..Ignored
US is weaker than EU and Asia. And this will persist until they get the corona virus under control - which they can't because
1)Vaccine is not ready
2)Trump.
So unless we get a vaccine or a capable US leader, the weakness in the US economy should persist. And based on election/vaccine approval timelines, we have a few more months of dollar weakness to go.
The mad rush to sell dollar probabbly accelerated after we broke 1.15. And I don't think we'll stop soon.
Edit: Right now, I do hope EU will fall back to 1.1810 area. But judging from the momentum I don't know if it is possible. Light support at 1850. Not even sure if we can drop down there.