Week in FX Europe – EUR Run Ragged after Consolidation

Diverging monetary policies have fueled the U.S. dollar’s strength this summer, more so against the EUR than any of the other Group of Seven (G-7) currencies. On Thursday, the pressure applied to the single unit managed to push it to its weakest outright level (€1.2697) in almost two years. To date,…

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Week in FX Europe – EUR Run Ragged after Consolidation