 | |  | | After "surging" to 1.4452, EUR/USD has U-turned and made a new record high at 1.4525; that is simply illogical. Traders are arguing that stocks are good for the carry trade and that is why - blah, blah, blah. It still does not make sense. If the number had been -166k, or even just -0-; slow growth, stagflation, eroding economic spending power for the consumer - sell dollars.
On the current logic, if the US export boom, spurred by the falling dollar, reduces the trade account deficit and eventually leads to job growth, the dollar should fall further. This is when you know the lunatics are running the asylum. |  |  |  |  |
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