Indeed, according to the most recent data released about 10 days ago, firms plan a significant further expansion of investment spending in the year ahead, at a pace as fast as anything seen in a generation. Strength in mining is exceptional, but other areas actually look robust as well.
4/6  BIS central bankers' speeches  But the announcement of asset purchases put the euro under massive pressure in 2014…. … after it had risen sharply prior to that. This was a correction of a previous overvaluation. Seen overall, the euro area has generated a trade surplus over recent years. That would normally strengthen the euro in the long run.