(Bloomberg Opinion) — With the euro surging to its highest level for six years, based on the European Central Bank’s trade-weighted index, the doom-mongers predicting the dollar’s demise as the world’s reserve currency of choice have started chorusing once more. As usual, they will be proved wrong.Traders who’ve been speculating that the common currency would benefit from the euro zone’s superior pandemic response, at least when compared with the U.S., have been rewarded for their faith. The euro is up by 4.3% against the dollar this year, and is at its strongest since 2014 versus a basket of the currencies …read more
Source:: Yahoo Finance
