EUR/USD > 1.25 as Draghi’s jawboning isn’t working

The European Central Bank is probably unhappy by the strong euro but Draghi struggles to express it. His weak jawboning allows the euro to shoot for the skies, breaking well above 1.25. Draghi seemed uncharacteristically lost for words but he doesn’t like Mnuchin’s intervention but is also unable to do anything about it.  He probably never […]

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