Since Draghi spoke of the Euro crisis being over, the value of the Euro (EURUSD) has surged to highs not seen since the fall of 2011.
The expectation is high for a Euro recovery, but will the hype turn out to be a flop?
The unemployment rate is currently holding steady at 11.7%. There has been turn around in the way many people talk about the Euro, but is there an actual economic turnaround or recovery on the way?
On the other hand, let’s keep in mind German government spokesman Seibert’s comments on Wednesday who stated the euro was not overvalued.
The ECB Conference today will hopefully shed some light on this topic.
If you want to watch the ECB meeting’s webcast, visit this link: Live ECB Meeting.
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