The dollar rose against major currencies yesterday following more upbeat US economic data, while the euro took a beating after Moody's placed Spain's ‘Aa1' credit rating on review for a possible downgrade.
The EU plans to make private lenders cover the losses of any future eurozone debt crisis, which will have a knock-on effect on government bond yields.
European fund managers are increasingly finding value in non-euro countries. Joanna Faith reports.
Mike Riddell, a member of the highly regarded M&G bond team, discusses the problems facing the peripheral sovereigns in Europe.
Investment guru Jim Rogers believes a number of countries in Western Europe are bankrupt or have serious liquidity problems and need to restructure their debt.