The euro still remains low, but its weakness has stimulated growth in the European community. Dale T...
The euro still remains low, but its weakness has stimulated growth in the European community. Dale Thomas, director of fixed income and currency group at Rothschilds Asset Management, says: "The euro has fallen, despite the convergence of interest rates between US and UK. We would have expected the euro to appreciate rapidly against the dollar but it is still suffering." The main factor for this has been the enormous flow of money capital from Europe to the US into portfolio and foreign direct investment companies. There has been a stream of corporate mergers and acquisitions and a explo...
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