Euro parity unlikely with the US dollar


The outlook for the US economy remains in doubt, but the euro is unlikely to benefit, says Matthew Clements, economist at Prebon Yamane

Despite even greater uncertainty over the US’ outlook following the events of September 11, a positive US yield curve implies a recession, prolonged or otherwise, is not the consensus forecast as far as the interest rate markets are concerned. This explains why the dollar has not seen a significant depreciation in recent weeks. Moreover, easier monetary and

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