Gavekal Capital: Euro Falls to Lowest Level Since August 2012

Thursday, November 6, 2014

Euro Falls to Lowest Level Since August 2012

Circling back to a topic we have addressed previously (here and here), today's plunge in the EUR/USD exchange rate puts it back on track towards syncing up with the interest rate differential between corresponding spreads:

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Having narrowed the gap that developed late last year, how much further might the euro fall?

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