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FT: Euro’s charge fizzles as caution returns

Stephen Jen, head of currency hedge fund SLJ Macro Partners, believes the euro is already overvalued.

“We share what we believe is the consensus view that the euro is likely to be overvalued, relative to the real fundamentals of the Euroland, and that this recent rally in the euro will likely be temporary,” he wrote in a recent note to clients.

Read the original article on the ‘FT’ website.

Posted on the 11/02/2013 at 9:00am by SLJ Macro Partners LLP.