Euro Looks Healthy, Likely to Continue Growth

EUR/USD The euro is said to benefit from a “currency war,” in which many countries step in to keep their currencies weak, and thus to protect exports. “The euro is one of few major currencies where there are no deliberate measures to try to weaken the currency, either directly through intervention or indirectly through QE (quantitative easing),” said Micheal Derks, currency strategist at FXPro. Steve Barrow, head of G10 currency research at Standard Bank, predicts the euro will rise to $1.45 in three months, even if the Federal Reserve insists…

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