Euro Weakness, Not Dollar Strength
This post by larrygreenberg has been reprinted from Currency Thoughts.
Comments OffThe euro peaked at $1.6038 in July 2008 and at a trade-weighted value of 117.77 five months later, still a couple of quarters before the outbreak of Europe’s fiscal debt crisis. Given the severity of the crisis, the common currency’s slide has been moderately paced, never approaching the intensity of several pre-euro era currency swings. [...]
larrygreenberg @ August 10, 2012