Quotes from Western Union:
- The euro struggled to gain much traction with its downside cushioned by the mild pullback in the dollar though lingering uneasiness over Greece's fiscal health kept a lid on its upside.
- The euro is on pace to eke out a gain against the dollar in February. If it should, many suspect that would be more of an aberration than any marked improvement in euro sentiment. Greece's winning of a months long loan extension helped dial down negative sentiment which has been compounded somewhat by uncertainty over when the Fed might boost interest rates.
- The anti-euro trade could ramp up again soon though with the European Central Bank (ECB) slated to embark on a bold €60 billion a month bond buying plan in March that's set to run for the coming 18 months and maybe longer.
Commentary
EUR review: Western Union
Quotes from Western Union:- The euro struggled to gain much traction with its downside cushioned by the mild pullback in the dollar though lingering uneasiness over Greece's fiscal health kept a lid on its upside. - The …
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