A clean sweep for the euro in the last week:

  1. Draghi delivers on ECB bond buying program
  2. German Constitutional Court ratifies ESM with modest conditions
  3. FOMC does QE in a pretty big way

Anything left on the list to carry us higher? I don’t know. It’s starting to look dodgy.

Greece is back in the spotlight and that’s never a good think for the euro. Spain will have to make a decision before long whether ask for aid which would allow the ECB to buy its bonds. If Spain does not ask for aid, it makes sense that some of the euphoria brought on by Draghi’s announcement could be undone.

Can we get to 1.30? Sure. Can we get to 1.3485 again? That looks like a much tougher bet. Probably not without a set-back first.

Huh-huh. He said stool…