EUR/USD is up 130 pips this week
It’s down 33 pips to 1.0950 today.
Here’s what Credit Agricole has to say about the euro:
"The EUR has been well supported of late, regardless of strongly capped
monetary policy expectations. It seems that for now risk sentiment is a more
important currency driver than rate expectations. This is especially true when
considering that the EUR has been widely used as a funding currency during the
last few weeks and months.
