Forex Flash: Important and sustained trends are in place, despite the pullback – BBH

Brown Brothers Harriman analysts believe that despite the Euro pull back today, important and sustained trends are in place.

They note that the dollar has appreciated against the Yen for twelve consecutive weeks, which appears to be the longest streak in the floating exchange rate era. They write, “The euro has risen for six months against the dollar, the longest advance in nearly a decade. The six-month advance against the yen is the longest since 1999.”