5 year ago: Euro falls fowl

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

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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