Euro's Rally Vindicates Banks Betting Against Parity With Dollar [Yahoo! Finance]
CREDIT AGRICOLE UNSP/ADR (CRARY)
NASDAQ:AMEX Investor Relations:
credit-agricole.com/en/finance/finance
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Administration Plans to Eliminate Dozens of Housing Offices Republican Mayor Braces for Tariffs: ‘We Didn't Budget for This' How Upzoning in Cambridge Broke the YIMBY Mold NYC's Finances Are Sinking With Gauge Falling to 11-Year Low How Sanctuary Cities Are Fighting Trump, Again Morgan Stanley, Credit Agricole SA and Commerzbank AG are among the banks who defended the euro's prospects, opposing a view in markets that was popular as recently as last month that it would soon slump to be worth only one dollar. Now it's rallied 4% this week alone to $1.08, a turnaround after nearing $1.01 just a month ago. “The big change this week is that the euro is finally back in the game,” said Michael Pfister, a currency strategist at Commerzbank. “The market has just moved a little faster in our direction than we expected, so it's a small win.” The euro's jump puts it on track for the best weekly gain versus the greenback since 2020, following Germany
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