Money is already flowing into Europe
While markets are recovering after Christmas and discussing whether Donald Trump was sober when he congratulated America tweeting that 2019 holiday retail sales were up 3.4% from last year, the biggest number in U.S. history (Mastercard spokesman immediately cited 2018’s 5.1% growth in total sales), investors continue analyzing the EUR/USD outlook for 2020. The median forecast of the analysts surveyed by Bloomberg suggests 1.16. There are many reasons, but if the majority were always right, the Sun would still be going around the Earth.
From the fundamental point of view, the lower of demand for the…
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