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EUR/USD hasn’t reached the bottom yet (video)

Now it’s all about the difference in the monetary policy between the euro area and the United States. This difference makes EUR/USD decline to the new minimums.

While German business sentiment fell to its lowest level in nearly 1-1/2 years, US new home sales surged to the highest level in more than 6 years. The yield premium US Treasuries offer over German bunds approached 15-year highs. It means that the US is more attractive for the international capital flows than the euro area, and so is the USD in comparison with the EUR.

Friday, 26 Sep, 2014 / 2:23

Source : http://fxbazooka.com/en/analitycs/show/2463

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