Head of the Eurogroup of fiance ministers Juncker says that he does not think the present forex rate of the euro will hamper the economic recovery.
This is a surprisingly relaxed view with EUR/USD at its highest levels since the Fed announced its QE intentions last December. If politicians aren’t concerned, you can be sure the ECB is not alarmed. Intervention is not even a thought, it would appear.
This should remove one worry for EUR/USD bulls.
We trade now at 1.4606.