[As for economies on the other side of the Atlantic,] there have been signs euro zone growth has peaked and inflation pressures coming through, ... That pinpoints the fact that there is far less dynamism across the euro-zone economies than in the U.S. |
All the factors point to an upturn from here, |
All year the euro has been damaged by comments emanating from German politicians, |
All year the euro has been damaged by comments emanating from German politicians. |
If everything remains the same, the euro should be closer to $1.08 than $1.02, |
If the euro got to test parity [against the dollar], then the ECB would be honor-bound to step in, |
If the euro got to test parity [against the dollar], then the ECB would be honor-bound to step in. |
It highlights that a great deal of investment is flowing out of the euro area and into the U.S., the U.K. and elsewhere, |
It highlights that a great deal of investment is flowing out of the euro area and into the U.S., the U.K. and elsewhere. |
It's an incremental step to develop its foreign-exchange market and make its currency more transparent. The central bank has been heavily involved in the market and will probably still intervene. |
It's another case of euro-optimism being dashed by events, |
On a short-term trading view the euro looks pretty awful, |
On a short-term trading view the euro looks pretty awful. |
The dollar started a bit stronger today, then weakened a bit after the broadcasting of the bin Laden audio tape. |
The euro has lost ground against every other currency, apart from the Brazilian real and a few eastern European ones, |