Flash: Are policy makers going to make a move on the Euro?

FXstreet.com (London) - FX Strategists at Nomura explained how the euro has strengthened significantly against the dollar over the past few weeks, and has broken to a new multi-year high above 1.38.

Key Quotes:

“The euro has also been strong on a trade-weighted basis”.

“Year-to-date the ECB euro trade-weighted index is up 3.8% and it is up 1.5% since the ECB meeting on September 5”.

“The question at this juncture is whether European policymakers are going to do anything active to fight euro strength”.