Strong euro performs well over dollar

The outlook for Euroland over 2004 remains positive as investors benefit from the strengthening of the euro against the dollar and a further tightening of interest rates. The likely growth areas are expected to be in cyclical stocks. Aaron Barnfather, director of investment management of European equities at Newton, says: 'The markets have been quite buoyant and last year was a fantastic year for euro investors. It may be the best place to be invested in 2004 as the euro looks like it will continue to strengthen against the dollar, it would be a risk to move into another currency.' Ba...