Disliked{quote} ..... have you given any thought to what draghi might see as a necessary value? I mean given that EU was hanging just under 1.4 at the time of his announcement of ready to act next time can we make any assumptions about what would make a material difference to warrant action? would a 5% drop be enough or 10% etc? 10% puts us back around 1.26 and I am thinking 1.26 to 1.30 would make a material difference, whereas 1.36 for instance not so muchIgnored
From here forth, eurusd will range between 1.2 and 1.4, with a mid of 1.3.
1.2 is best for Europe, 1.4 is best for USA - both markets are similar size for the Chinese and they will (and already have) determine the value of eurusd according to their requirements, depending on whether they are selling consumer goods or buying the equipment and services they need to produce these goods.