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5 year ago: Euro falls fowl

Euro turned out to be a thanksgiving 'turkey' despite US deficits
Thursday 24 Nov 2016 Author: William Cain
Story In Numbers

Ahead of Thanksgiving weekend five years ago, Shares argued the euro was likely to lose ground against the dollar despite US politicians’ failure to rein in a surging government deficit.

‘The dollar’s ability to shrug off the news and hold its ground against the euro near the $1.35 mark suggests the single currency is still seen as the real turkey by the market,’ we said. Today, the euro buys just $1.06. (WC)

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24 Nov 2016

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