EUR/USD
In general, it will be interesting to see whether our FX impulse thesis will stand the test over the next 3-4 months. A strong USD, and accordingly a weaker EUR, compared with a year ago should signal a higher probability of spread compression between US and Euro-area PMIs. We still buy into this spread compression story. e-markets.nordea.com/
Change-Signals: EU reengages with QE due to Europe/Asia "slowdown"
Change-Signals: EU reengages with QE due to Europe/Asia "slowdown"
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