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Euro becomes the port in a storm

Posted on 17 June 2013

The euro is emerging as an unlikely oasis in the latest bout of market turmoil. Assets ranging from Japanese stocks to emerging-market bonds to U.S. Treasurys have slumped this spring, as investors brace for the possible pullback from easy-money policies by the world’s major central banks.
But the euro has largely avoided the volatile trading that has whipsawed other currencies, including the dollar and the Japanese yen, gaining about 4% against the greenback over the past four weeks to trade late Friday at $1.3345, near a four-month high……………………………………..Full Article: Source


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VRS - who has written 36995 posts on Opalesque Commodities Briefing.


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