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...
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