This euro appreciation is very bad for germany since it is export economy. This will also impact other countries by lowering investments in the whole region. The euro need more high impactful data to go beyond 1.21. It'll most likely be by end of the year. We might see pullback up to 1.17. News from some big banks indicate the euro will move above 1.20 after the ecb tapering. It will be by the december.
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