Is The EUR Too Expensive?

Relative to interest rates (and swap spread differentials), the EURUSD is at almost its most ‘expensive’ in 15 months. It appears support for a ‘strong’ EUR is waning; as the swap rate tends to signal, even ECB President Draghi – as Bloomberg Briefs notes – suggested support on the Governing Council…

Excerpt from: 
Is The EUR Too Expensive?