EUR & GBP not strong in their own right
July 30, 2020 Leave a comment
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Global Investment Advisor & Portfolio Manager
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rob@karriasset.com.au
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rob zdravevski's blog 
In turn, the GBP and EUR have strengthen against the US Dollar.
Whilst thinking that the EUR/USD has “no business” trading at 1.18, I decided to look at the EUR/GBP cross when I saw that it has idled within a 2 cent range for 2 months.
So it’s confirmed, the Euro and Sterling are not “strong” on their own merit.
They have indeed only risen due to USD weakness.
#usd #eur #gbp #currencies
30 July 2020
by Rob Zdravevski
rob@karriasset.com.au