Seeking Alpha

One reason for the euro's strength over the past month - there's a lot less the currency...

One reason for the euro's strength over the past month - there's a lot less the currency floating about. The ECB balance sheet has actually been shrinking since the summer, with an especially steep drop since Feb. 1 when banks were allowed to begin repaying LTRO loans. FXE +9% in last 6 months.
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