Market is Waiting on Q3This looks like it's comfortable here, with 1.27 usually being the low.
My thought with others was that this was going to gradually go back up to 1.80, which doesn't seem to be happening anymore. We need Q3 to be good to see this improve in the near term, but I don't think we have any catalysts to expect a great Q3 even with the lower interest rate.
Looking forward to Q1 2017 when production has transitioned to being an expense in euros.