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Is the Euro Rally About to End?
The euro currency could face significant negative pressure as fears that the stagnating euro zone crisis continues unabated and global economic growth remains muted according to analysts. On Tuesday, the euro zone reported a contraction in second quarter GDP but the euro edged higher against the greenback at 1.2367 after France and German GDP beat expectations. Adam Cole, Head of Currency Strategy at RBC told CNBC.com that his central view was for the currency to gradually grind downwards versus the dollar. “The recent moves have been dominated by short covering rather than fundamental views. The risk of a collapse ... (full story)
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