The sun keeps shining on the euro – NAB

The single currency is benefiting from a spell of newfound optimism, says the Australian bank

European markets
Cause and effect: the mere announcement of ECB tapering will drive the euro towards the higher bounds of its trading range with the dollar


The times when clouds were hanging over the euro have drifted away, replaced by prevailing winds in favour of a stronger single European currency for the foreseeable future, says Gavin Friend, a senior market strategist at National Australia Bank, which topped FX Week’s one-month forecast table last week.

Political tensions that dominated the first half of the year in the run-up to elections in France have melted away with the win of one of the most pro-European

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