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