Safe-Haven Flows Push The Euro Towards New Lows
EURO COMMENTARY
The euro had yet another woeful week in the FX markets last week. Matthew Clements, economist at Prebon Yamane in London, casts his eye over the key events and influences
Global equity losses led to safe-haven flows into US government bonds last week, pushing Treasury yields down to 30-month lows. The Dow and German DAX indexes both lost at least 4%, which gave support to the dollar and saw the Federal Reserve’s trade-weighted exchange rate holding the 16-year high reached the previous week.
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