Why has the euro proven to be so resilient
The European Union is on the edge. Global markets have been more chaotic than a Black Friday sale. So, analysts are asking, why isn’t the euro trading closer to parity with the dollar?
HSBC currency strategist tells MarketWatch that he believes it is the euro’s strong “external” position and a sense of conviction that a solution to the crisis is possible because it remains in the interest of all concerned. As William Watts notes in his column, there are as many opinions on why the euro has persevered as there analysts. Read more of Watts’ column laying out some of the other views.