Is there a sentiment extreme in the euro as the Fed looms?

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Quotable

“Why, sometimes I’ve believed as many as six impossible things before breakfast”.

--Lewis Carroll, Through the Looking Glass

Commentary & Analysis

Is there a sentiment extreme in the euro as the Fed looms?

The expectation for a dovish Fed tomorrow is likely one reason the US dollar has been hit so hard lately, and why the euro (the flip side of the dollar index) has soared.  But, there could be a surprise; or there could be a sell the news mentality as it relates to the euro—most of the news already in the price.  Either would fit given rising love for the euro which likely can be categorized as some type of sentiment extreme...READ MORE

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