Why has the euro suddenly strengthened?
Monday, January 28th, 2013
It seems that many investors feel that the euro has turned a rather pivotal corner during this past week. The multinational currency finished off the week of the 21st at a ten month high in relation to the dollar.
This has been interpreted by many as a sign of a heightened sense of confidence in the European banking sector.
There are even rumours that we may see the euro currency test the 2012 resistance levels of $1.35 in the short-term. Nonetheless, the week ahead is of critical importance for the perceived strength of the euro.
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