Ahead the release of German GDP data, EUR/USD continues consolidating
Investors can’t find out what is weaker, the euro or the dollar, so, the pair failed to break through the consolidation range of 1.1175-1.1245 as there wasn’t any important news. The greenback flaws, including the continuously falling Treasury yield, are clear. But the idea of Axa Investment Managers that the EUR/USD price includes only €100-€200 billion of QE holds the euro bulls back.
ABN Amro expects purchases of 70 billion euros a month over nine months. Morgan Stanley predicts QE at either 45 billion euros or 60 billion euros a…
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