EUR/USD forecast: Will Greed ruin the Euro?
The EUR/USD may be corrected deeply because of €50 billion
Europe can wait. Until Monday. The EU decision on €1.8-trillion stimulus package is delayed. Because of €50 billion. That is the amount of the fiscal stimulus that can be the reason for the euro fall and the turmoil in the euro-area debt market. According to Citigroup, the progress in the negotiations between the rich North and the poor South could reduce the spread between Italian and German bonds by up to 10 basis points. Any reduction in grants could widen it by 30…
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