euro

New Star Global Financials fund manager Emily Adderson has initiated a derivative position to hedge out the market volatility on the vehicle's European bank holdings.

The Swiss franc rose to a record high against the euro yesterday despite the Swiss National Bank's efforts to avoid excessive gains for the currency.

Since the start of the year, sterling has weakened materially against the US dollar, and slightly against the euro. For owners of UK equities this is a mixed blessing.

Investment Week Conjecture

The Euro regained some lost ground today as Greece went to market with a successful sale of 10-year bonds.

Eurozone interest rates have been held at 1% today for the tenth month in a row.

The euro has risen against the dollar this morning after the Greek government unveiled 4.8bn euros worth of austerity measures.

Sarasin's Daniel Briggs has reduced sterling and euro exposure in the £231m GlobalSar IIID fund over concerns for public sector deficits.

European leaders have reached an agreement to bailout Greece, which is suffering from a huge debt crisis.

The euro area is interesting because the economies of the 16 member states are quite diverse while representing a broad risk spectrum.