tclwrap

Five Forces Driving the Euro Down

forgot to mention OIL prices do not explain the dollar rise, it is the opposite. Recall OIL is a commodity denominated in $...

Reasons 1 & 2 are also mute.

Five Forces Driving the Euro Down

The first 2 reasons, OIL prices + US Data, were summarized by OIL price declines. The Fed Fund Rate reason is mute, the banks still need low rates, so it is not going to happen anytime soon. The last reason, dollar bullish, is a technical indicator and could turn overnight. With the exception of the 3d reason, eurozone data, I don't see any real drivers for the dollar. How is the contraction worse in the eurozone would be what I like to learn about. Please comment.