Back to basics: euro fundamentals


Looking beyond the physical launch of the euro, Matthew Clements examines the fundamentals affecting the new currency last week

The introduction of euro notes and coins on January 1 undoubtedly provided something of a fillip to the euro last week as the changeover appeared to go according to plan in most, if not all, of the twelve eurozone countries. This pushed euro/dollar back above its 200-day moving average to 90.40, its highest close since late October.

However, 2001 showed repeate