Euro at 1.14: Value Trap or Base-Building?
EUR/USD closed the week at 1.1404, and the valuation crowd is getting loud. On purchasing-power parity, the euro is historically cheap. On fair-value models, it’s 8–10% undervalued. So is 1.14 a generational buying opportunity? Maybe. But let’s be honest about what valuation does and doesn’t do. Valuation is a compass, not a clock Undervalued currencies […]