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Reuters: Euro grips the edge of the diving board

“The euro has also become rather undesirable for central banks to hold,” Stephen Jen of hedge fund SLJ Macro Partners wrote to clients. “Nobody likes to hold a currency with a negative yield, and with the central bank managing the currency explicitly wanting the value of the currency to go down. “

Read the original article on the ‘Reuters’ website.

Posted on the 06/01/2015 at 2:08pm by joana.