The Euro certainly looks like it has further downside now that traders have had time to realise that the changes made at the last meeting will not have much effect. The changes needed, i.e. more fiscal spending by those countries that have budget surpluses are unlikely to happen, maybe as they are relying on a weaker Euro to give them a boost.
The Euro remains soft – Morning outlook – 17th September
The Euro certainly looks like it has further downside now that traders have had time to realise that the changes made at the last meeting will not have much effect. The changes needed, i.e. more fiscal spending by those countries that have budget surpluses are unlikely to happen, maybe as they are relying on a weaker Euro to give them a boost.