“The euro’s momentum seems to be broken. The euro was heading for 1.40 or more and that move has been stemmed”
So claims senior government and central bank sources say MNI. They also claim that the new ECB measures appear to have put a ceiling on euro strength and the fact it hasn’t fallen further is due to continued inflows.
If there’s one thing that will kick you in the nuts it’s proudly claiming victory on something that can turn around and bite you in the arse.
Long euro’s anyone?
VICTORY!
