Is Euro Rally Overdone?
EURUSD posts its biggest weekly gain in five months despite ongoing uncertainty in Italy and fresh declines in Italian bonds and equity indices? The main reason comments from several ECB policy makers, including the not-so hawkish chief economist and policy maker Peter Praet, who said on Tuesday the June 14 meeting will contain the first formal discussion on winding down the remainder of the quantitative easing program, which began in 2015. Is this all overdone? Full analysis.
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