Disliked2. Slowing USA Economy - this indicated that the consumer is tapped out and spending will curtail. [...]
In this case it may spook the market and it would result in a 10% correction ( which we are due for). In this case Risk Off and EU drops to the 1.16XX area.Ignored
Why would a spending curtail, result in a correction to the downside?
Edit:
I mean: do you really believe, that the USD is still seen more as a safehaven then the EUR?