The sun keeps shining on the euro – NAB

The single currency is benefiting from a spell of newfound optimism, says the Australian bank

European markets
Cause and effect: the mere announcement of ECB tapering will drive the euro towards the higher bounds of its trading range with the dollar

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The times when clouds were hanging over the euro have drifted away, replaced by prevailing winds in favour of a stronger single European currency for the foreseeable future, says Gavin Friend, a senior market strategist at National Australia Bank, which topped FX Week’s one-month forecast table last week.

Political tensions that dominated the first half of the year in the run-up to elections in France have melted away with the win of one of the most pro-European

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