EUR/USD is rallying on comments from Weber saying the finaancial crisis has made the euro attractive. He also says he does not see any eurozone countries with debt repayment problems.
EUR/USD rallied on the comments, but my guess is that Weber is refering more to other European currencies like the Icelandic Krona, Danish Krone and the British pound than he is the dollar, but it is hard to say without a bit more context.
In reality, the crisis has done a wonderful job of exposing the euro’s flaws like the lack of a federal Europe to pair with the ECB…
EUR/UD trades at 1.3555 from 1.3518.
