The euro has yet to reflect grim reality

The euro could extend its 2014 losses against the Aussie if investors start to believe in a rumoured €1 trillion quantitative easing program from the ECB.

While much has been written in regards to recent Aussie dollar strength against the greenback, it is the trade against the euro that has caught my attention lately.

The local economy is showing some positive signs of transition away from the mining sector, and the Reserve Bank of Australia has finished cutting interest rates. So I can understand some bullish sentiment returning to the Aussie dollar. But Europe?

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