Euro: Thumbnail Sketch Ahead of the ECB Meeting
Marc Chandler
June 14, 2023
The euro has traded between roughly $1.0485 and $1.1100 so
far this year. The average is about $1.08, where it traded above yesterday for
the first time in 2 ½ weeks.Recall that the euro rallied from around $1.05 in mid-March
(amid speculation that the banking stress was going to force the Fed to cut) to
around $1.1100, where it stalled in late Ap…
Euro: Thumbnail Sketch Ahead of the ECB Meeting
Reviewed by Marc Chandler
on
June 14, 2023
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