Three Reasons To Expect A Stronger Euro

With the euro up another 50bps today against the USD, we thought it timely to review some fundamental factors that should act to support the longer-term trend higher in the euro. No doubt, this week's substantial move was partially instigated by what were viewed as hawkish remarks by the ECB. Yet, there are at least three other fundamental reasons to expect the euro to remain strong in the back half of 2017 and beyond.