Thursday, March 12, 2015
The Great Divergence - ECB, Fed are driving a massive forex shift by Geoffrey Smith
''The euro’s giddying descent continues. And we aren’t anywhere near the end of it yet, according to some of the biggest players on the world’s foreign exchange markets.
Europe’s single currency fell to a new 12-year low of $1.0560 against the dollar Tuesday, buckling under a wave of freshly-printed money issued under the European Central Bank’s new quantitative easing program. It’s now fallen an astonishing 18% against the dollar in just a little over four months..''