Up or Down? That is the Euro/Dollar Question

Posted on 13. Mar, 2017 by Jean Jacques Ohana in Weekly Focus

March 13, 2017, Dr. Christian Witt (YCAP Asset Management)

Some months ago, markets seemed convinced the USD would continue to appreciate against the EUR. The dollar’s parity with the common currency appeared to be just a moment away. Against all such speculations, the EUR held steady above a key technical resistance level (see Figure 1) and [...]