The Biggest Short Ever Probably Signals a Bottom for Euro.It turns out everyone was horribly wrong about the Euro collapsing (yet again). Deflation never came, the economy in the US sputtered, and the economy in the EU seems to have recovered.
It is true that the Federal Reserve will raise interest rates probably even before the ECB tapers its bond buying, but the market is in consensus that even with rate rises, they will be very slow and take very long.
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