The ECB is losing the currency wars

Earlier today I posted an article in the links on the euro's move up to a 14-month high. As I write this, the euro is trading a 1.3568 to the US dollar, up markedly from 2012's low during the sovereign debt crisis of 1.2063 on 25 July.

And there's a big reason for this.
Looking into my archives from that period, I see articles like "More on the euro disaster and current account imbalances" from Randy Wray on 17 Jul, "German – Spanish 10-year spread reaches record 610 basis points" from 20 Ju...


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