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Euro to Outperform Dollar in Next 6 Months
The euro will outperform the U.S. dollar over the next six months as euro zone countries start to rein in their budget deficits, according to HSBC’s global chief economist. "The good thing about the euro at the moment is at least there’s a debate going on about budget deficits, government debt, how to bring it under control. In the U.S., that’s all been postponed until after the Presidential U.S. election." King said Washington’s failure to deal with the U.S. budget deficit had increased the chances of the Federal Reserve resorting to another round of quantitative easing. The chance of another ... (full story)