PIPS
PIPS
Deutsche Bank recently published a survey of investor views on Economic and Monetary Union. Among the key findings, the majority of investors expect a strong euro versus the US dollar and Japanese yen as central banks reallocate FX reserves. Investors also believe the euro will rival the dollar for global bond issues within the next five years. Few managers expect any of the in-zone countries to leave the union, or the UK to join, within the next five years. In terms of preparedness, 64 per
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