Market News
Euro's bruising leaves global investors on edge - REUTERS
By Naomi Rovnick and Dhara Ranasinghe
- Euro down around 3.8% in Nov, heading towards $1
- Analyst views on outlook vary widely
- 'Trump trades' increase correlation between US stocks and euro
- Euro seen increasingly volatile if it drops further towards $1
LONDON, Nov 27 (Reuters) - As the euro heads for its worst month since early 2022, analysts warn that a wild ride in the currency could be the next source of global market volatility after gyrations in Japan's yen sparked a bout of cross-asset turmoil in August.
Europe's single currency has slumped by around 3.8% against the dollar in November. It is now teetering towards the key $1 mark , pressured by U.S. President-elect Donald Trump's proposed trade tariffs, euro zone economic weakness and an escalating Russia/Ukraine conflict, just as U.S. growth bets lift U.S. stocks (.SPX) and the dollar .
