The euro will not collapse as a result of the sovereign debt crisis plaguing the euro zone and is more likely to rise than fall in the coming months, HSBC currency strategists said in a new report. The report comes as the euro hit a 16-month low against the dollar and sterling as the euro zone crisis drags on. But HSBC is confident that a resolution will be found. “Having established EMU (European Monetary Union), we should expect everything to be done to maintain it, despite the depths of the problems that Europe faces,” the report said. “It seems extremely unlikely that there will be a disintegration of the euro ... (full story)