The Euro is once again on the front foot, gaining 0.3% to the Dollar during early Wednesday trading. The single currency continues to benefit from the almost euphoric risk-on sentiment that has taken over financial markets, as well as from signs of growing cohesion and solidarity between the member countries. Conversely, Dollar weakness is explained by investors’ caution as they focus on today’s Fed meeting; some fear the central bank could set monthly targets for its asset purchasing program, in an effort to control the recent rise in treasuries yields.
