Fundamental forecast for euro for today
EUR/USD may continue to rally on diversification of investment portfolios and gold/forex reserves
I’m pleased when my forecasts hit the bullseye, and even more so when they are fundamentally based. In June, I bet on the difference between Europe’s and the US’ epidemiological states, which suggested a faster economic recovery of the eurozone . The epic French-German fiscal stimulus project allowed me to suppose that EUR/USD would have new growth drivers: a flow of capital from the New World to the Old World and diversification of gold/forex reserves to the advantage of the euro….
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