Thread: Eurozone will collapse...
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Old 29-08-2017, 23:06   #1926
1andrew1
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Re: Eurozone will collapse...
Looks like the Eurozone is on a roll. Romania is lining up to join and the currency is soaring in value against the £ and $.
Quote:
“The location of the [potential North Korean] conflict and the parties involved make the euro, rather than the US dollar, the preferred safe haven currency of choice,” said FX analyst Jane Foley at Rabobank.
“The result is further strengthening of the euro exchange rate this morning, with the euro breaking 40 pips through the big $1.20 threshold. Robust economic data from France this morning provided further platform for the liftoff of the euro.”
At the same time the dollar has weakened as Donald Trump’s economic promises have not yet come to fruition, unwinding the US currency’s strength from earlier this year.
http://www.telegraph.co.uk/business/...-against-euro/
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