There is a dangerous level of consensus in 2015 about US dollar strength and euro weakness and people are beginning to ring alarm bells.
“I’ve never seen such a big consensus in my 20 years of investment life,” said Yves Kuhn, chief investment officer at Banque Internationale à Luxembourg. “I just don’t like a consensus like that.”
The story from Reuters notices the only question open for debate is how much the euro will fall. The note that only nine of the 54 forecasters expected the euro to rise over the next twelve months.
They note that the eurozone runs the largest current account surplus in the world.