The euro’s rally against the US dollar appears to have reached its end as improved US economic prospects and the threat of a no-deal Brexit undermine euro sentiment and boost the appeal of the US currency. Photo: AFP The euro’s rally against the US dollar appears to have reached its end as improved US economic prospects and the threat of a no-deal Brexit undermine euro sentiment and boost the appeal of the US currency. Photo: AFP
The euro’s rally against the US dollar appears to have reached its end as improved US economic prospects and the threat of a no-deal Brexit undermine euro sentiment and boost the appeal of the US currency. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Brexit, US recovery could spell doom for euro’s rally against US dollar

  • With the threat of a no-deal Brexit looming and the European Central Bank moving towards another monetary policy ease, the euro is living on borrowed time
  • A US interest rate rise is likely while euro zone rates are in negative territory, so shorting the euro and going long on dollars could gain a strong following

The euro’s rally against the US dollar appears to have reached its end as improved US economic prospects and the threat of a no-deal Brexit undermine euro sentiment and boost the appeal of the US currency. Photo: AFP The euro’s rally against the US dollar appears to have reached its end as improved US economic prospects and the threat of a no-deal Brexit undermine euro sentiment and boost the appeal of the US currency. Photo: AFP
The euro’s rally against the US dollar appears to have reached its end as improved US economic prospects and the threat of a no-deal Brexit undermine euro sentiment and boost the appeal of the US currency. Photo: AFP
READ FULL ARTICLE