Sorry, just couldn’t resist the pun
But I was thinking that, with all the news now largely factored in, how much further the euro can fall given its recent decline
The talk, and price action, has been that the ECB will need to act again following the June 5th rate cuts and Draghi comments at Jackson Hole. And now we have a “leak” just moments away from the announcement.
So what else is going to drive the beleagured multi-ccy lower, at least ahead of tomorrow’s NFPs ? Are we now in buying dip mode for the presser? I’m definitely thinking that way.
Let’s see what they got left to surprise us with.
