Will The Euro Be Hit With A Double Whammy

Will the Euro experience a double whammy from federal Interest Rate Rises and Multi-nationals buying all their currency in January?

The Euro over the next month to six weeks could have a double whammy consecutively. Today the entire Forex market is expecting and aligned for a 0.25% interest rate rise from the Federal Reserve, which will take interest rates in the US to 0.375%. While the Euro has broken the $1.10 mark this week. Ultimately this is due to the ECB surprising the markets two weeks ago and the Forex market being unprepared to make any drastic movements before today’s meeting.

Read More