The euro has stalled at 1.24 but enjoyed a great run up none the less. The U.S. dollar bearish sentiment was worsened by the U.S. Treasury Secretary Mnuchin’s weak-dollar comment. He said earlier, “Obviously a weaker dollar is good for us as it relates to trade and opportunities.” The euro…
Day: January 24, 2018
The Weak U.S. Dollar Comment Sent the Euro to 1.24
The euro has managed to set another record since January 16th even though the ECB rate decision and its economic outlook statement are looming. The U.S. dollar bearish sentiment was exacerbated by the comments from the U.S. Treasury Secretary Mnuchin. He said, “Obviously a weaker dollar is good for us…