No where to go but up then, I guess…
EUR/USD remains choppily range-bound, now in the 1.4630s.
UPDATE: Bloomberg provides more detail…He said that the period of abnormally accommodative rates may be ending and that the process of normalization will continue, sooner or later…
Like I said earlier, no where to go but up…Market sees 2% overnight refi rate by the turn of the year from 1.25% today.
