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Euro rally: Money managers optimistic on the currency after best month in a decade
Money managers are the most optimistic they’ve ever been on prospects for the Euro after its best month in almost a decade.
The world's best forecaster for emerging market currencies – including the rand – is a lone strategist who lives in western Poland. Bartosz Grejner recently shared some insights on how he has beat analysts at the top firms. In a nutshell, he makes short-term returns by thinking about the longer-term picture and reflects on what history tells us about how other traders will react to major events, like Covid-19. In this piece, Bloomberg journalist Jill Ward sets out what money managers think are structural changes that for the all-important Euro. Food for thought for forex traders who want to emulate Grejner. – Jackie Cameron
Euro rally turns into a renaissance on EU's landmark rescue fund
By Jill Ward
(Bloomberg) — There's been a seismic shift in the euro's fortune.
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