29
May
By Andrew C. Collins, Managing Partner |Bannockburn Global Forex, LLC
The Euro:
While most of us were grilling hot dogs and burgers or setting off fireworks or boating or sunning at the pool, global markets were open and active, and it was a pretty ugly (oxymoron intended) few days for the euro. Political concerns in Italy (I’ll come back to this later) sent the euro sharply lower, extending and accelerating its recent losses. EURUSD touched 1.1506 overnight, down from its Friday open...