Draghi cut rates 2 times in 1 and half year from 0.75 to 0.5 first and then to 0.25 the euro almost touch 1.20 (may 2012) and now almost touch 1.40
Why that? Cause that mother fucker ben last july said usa economy very far from recover and he fucked up everything,
every fundamental view about this pair, but after tapering and the fact that Fed looks commitment to continue until the end, that view change
Big banks are addicted to cheap money, after FED tapering the other alternative for them is to push ECB to print more money
by pushing euro to new hights. Sooner or later ECB will do that, south european countries can't recover with so expensive currency
So when Draghi give some cheap money to the market the euro collapse more heavy than ever
Why that? Cause that mother fucker ben last july said usa economy very far from recover and he fucked up everything,
every fundamental view about this pair, but after tapering and the fact that Fed looks commitment to continue until the end, that view change
Big banks are addicted to cheap money, after FED tapering the other alternative for them is to push ECB to print more money
by pushing euro to new hights. Sooner or later ECB will do that, south european countries can't recover with so expensive currency
So when Draghi give some cheap money to the market the euro collapse more heavy than ever
