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Euro’s Short Squeeze May Just Be Getting Started

Schenker, Jason, (2017), “Euro’s Short Squeeze May Just Be Getting Started”, Bloomberg View, 7 Ιουλίου

The euro has had an impressive rally since mid-April, including a surge last week that took it to its highest level against the dollar since May 2016. The logical question now is whether the run is over, especially after the currency’s softness this week in the face of some strong euro-zone economic data. Based on market fundamentals that have led analysts to rethink their pessimistic views and technicals that convey corporate hedging strategies, the euro is likely to strengthen further.

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