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Friday, 29 May 2015

EUR/USD at crossroads

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The Normal Zone for EUR/USD lies between $1.1 and $1.4. In normal course, I would expect the Euro to rebound from its present level of c. $1.1, and swing around its mid-point of $1.25. The main pressure for it to continue its downtrend is the imminent increase in USA interest rates, while the European Central Bank clings to Zero Interest Rate Policy. Toss the coin: I bet it goes down.

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