The US dollar has hit its highest rate against the euro since early January, as investors seek refuge from US spending cuts in the greenback, and Italy flounders following its election.
Last week, following the euro’s stellar gains in January, I asked the question, how high will the euro rise? Well, this week it seems we have an answer, as the euro not only stabilises but actually falls against the pound and US dollar.
Well, isn’t 2013 turning out interesting? Far from the continuation of the debt crisis that some people feared, we’re seeing confidence return to the Eurozone in waves, with a corresponding surge in the value of the euro.
Who leads the Eurozone? Having “saved” the euro last year, I think that title belongs to Mario Draghi, head of the ECB. This article looks at why that is, and why it’s less than ideal.
With a turbulent year behind it, the euro looks stronger now than at any point in the last 12 months. So what will 2013 mean for the common currency?
The euro gained against the pound and US dollar this week, reversing all of last week’s losses, as Eurozone leaders agreed a single banking supervisor for the currency zone.
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