A Message to the EUR/USD Longs?

By Claus Vistesen

It seems that JCT today showed that he and the ECB are not completely blind and deaf when it comes to the reality of a stronger currency in a world where everyone is scrambling to devalue.

As I have noted before, stranger things have happened than the ECB raising rates into a an impending downturn, but it seems that the ECB has lifted off a little bit in terms of the vigilance against inflation.