NEW YORK ( TheStreet) --The euro is continuing its latest bull run higher, gaining against most of its major counterparts and hitting levels against the U.S. dollar that have not been seen since the middle of June.The rally in the euro has been propelled by comments from the German Bundesbank, suggesting that policymakers in the eurozone are not predisposed to maintaining interest rates at their historical lows and that rates could rise, if upside pressure is seen in consumer price levels. Those statements jarred some sections of the market, as this marks a direct contradiction to previous comments made by European Central Bank President Mario Draghi, which signaled a prolonged intention to keep monetary policy accommodative as a way to boost the struggling eurozone economy.
Euro Rally Ripe for Reversal
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