Why 2018 could be the year of the euro
Source: SCMP
http://www.scmp.com/business/banking-fi ... -year-euro
Since mid-April, the euro has surged more than 12 per cent against the dollar and has been the best-performing currency in the G10 group of advanced economies this year.
Portugal, which is still rated “junk” by two of the three main credit rating agencies, has seen its 10-year yields plummet nearly 200 basis points this year to a mere 1.7 per cent.
The European Central Bank’s plans to scale back, or taper, its bond-buying programme once the scheme runs its course in September.
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