This Could Be the Euro's Best Year in a Decade
- Hedge funds are joining the euro trade, according to BofAML
- Banks have lifted forecasts for currency as data improves
Hildebrand Sees Possible 'Golden Decade' in Europe
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It was supposed to be a year of risk that could lead to a break up of the euro. It’s turning out to be the best year in a decade for the shared currency.
The euro hit a six-month high against the dollar this week and is on track to be the top-performing currency in the Group-of-10 in the first half of the year. Defeat for anti-euro candidates in the Dutch and French elections, better-than-expected regional economic data and increasing fund inflows into euro-zone equity markets are all making investors more confident on the outlook.