Euro Naysayers See Brexit Deal Unable to End Currency’s Woes

(Bloomberg) — For European Central Bank President Mario Draghi, the battle to save the euro may be over, but for investors the risk of a continued slump in the currency persists.The euro has fallen more than 3% so far this year and the top forecaster in Bloomberg surveys predicts it will slide as much again to $1.07 by the end of 2019. State Street Global Advisors, Millennium Global Investments and Henderson Rowe are among funds seeing little on the radar to make it worth buying, given the region’s struggling economy and global trade tensions.“The euro is a big short position …read more

Source:: Yahoo Finance

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