The EURUSD finally broke out of its multi week trading range and jumped 200 pips to close above 1.1100 for the first time since August 2015 (See my January 4th 2016 post). The EURUSD market has been looking for an excuse to annoy Mario Draghi at the ECB and take the EUR higher and yesterday’s sluggish U.S. economic data was the kind of catalyst that the market has been looking for.
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Senior Currency Strategist
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