The euro: safe haven at last?
Why has the euro strengthened amid global market turmoil?
Six weeks ago, the euro was on the brink of collapse under the weight of the Greek debt crisis. Its political integrity was being questioned on multiple fronts, and dark clouds were gathering over the future of the eurozone and its common currency.
Fast-forward two months and the very same euro has become a ‘safe' haven amid global market woes – an unlikely scenario, which, though temporary, poses a dilemma for the European Central Bank (ECB).
The euro briefly reached 1.17 against the dollar on
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