The euro will continue to weaken
Fears over Greece and deflation will push the currency lower
EUR/USD is trading on historic lows of almost a decade after breaking the psychological level of 1.20. It may be only the starting point of a deeper and prolonged depreciation of the euro towards 1.15.
The two key elements explaining the recent EUR/USD drop are the revival of the sovereign debt crisis and anticipation of the ECB launching an easing programme to avoid a Japanese-style deflation in the eurozone.
Once again, the European Central Bank (ECB) will have no other choice than to take the
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