EURUSD: time to go short?
Eurozone is probably facing risk of deflation.
It seems like disinflation trend is not going to stop.Europehas a lot of spare capacity (according to Mr. Draghi), output gap is about 2.1% (according to Goldman Sachs) and about 4% (according to OECD). Sudden inflation print below 0% can cause broad sell-off.
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