Jan 052015

The euro is near the 2012 lowes level and many analysts are predicting that will touch the 1.10 this year. Nobody sees that a stronger dollar will not help the recovery in USA nor in Europe or elsewhere. The convenient exchange rate EUR/USD is somewhere around 1.25 to 1.30. This rate is low enough to guarantee the economy growth for USA and keep interesting the industrial production for export.
The fundamentals for global economy are not strong enough for experiments on rates. Of course this opinion is valid if rigging markets is finished and there are no other goals to achieve by biggest banks and hedge funds.
Keep in mind that whoever was short on Eur/Usd will markup some profits to the balance sheet.

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