Delegates give euro the boot

FRONT PAGE NEWS

SINGAPORE – ACI delegates visiting the trade exhibition in Singapore delivered a damning verdict on the euro at the opening day of the Congress, in a poll carried out by FX Week.

Nearly one-third of the delegates polled said they do not expect the single European currency ever to regain parity with the US dollar. The 1:1 mark – long seen as a psychological breaking point for the euro – was first breached in January 2000 when the euro’s value fell to below that of the US dollar for the first t