Poor euro performance despite weak US dollar

Professional Adviser
clock

The disappointing performance of the euro since its introduction and its unpredictability has made...

The disappointing performance of the euro since its introduction and its unpredictability has made it difficult to select stocks across a number of interest-sensitive sectors in Euroland. The euro, which has hovered in the 0.80s since its introduction, hit a high of 0.9566 in January but then moved downwards once again, hitting 0.87 on 17 April. After the promising surge early this year and forecasts that the euro would continue to flourish, the new currency has failed to exploit US economic difficulties and has returned to its weak position against the dollar. Opinion varies as to wh...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •