Monday, 30 May 2011

Euro prospect

Euro: franc view of a troubled currency

Simple but insightful view

The resilience of the euro against the dollar, therefore, should be viewed as yet another symptom of low Treasury yields, which have been a conundrum for the best part of a decade.

Should they ever start to rise in earnest, even though this would show lack of confidence in the US, the euro might well weaken against the dollar.

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