Draghi’s Euro Angst Rising as Rally to $1.40 Pummels

Draghi’s Euro Angst Rising as Rally to $1.40 Pummels
May 8, 2014 Bloomberg.com
Draghi’s Euro Angst

Bloomberg reports on how European Central Bank’s case for action to curb the euro’s gains is getting stronger. This, in effect after the 18-nation currency jumped to within a half-cent of $1.40. ECB President Mario Draghi is of course highly opposed to this activity, and has stepped up his war of words against the euro’s gains in recent months. Draghi’s Euro angst is clearly rising, with the culmination expressed in an April 24 pledge to start asset purchases if a stronger currency keeps inflation depressed…

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