Euro hits high spots despite uncertainty on European economy and monetary policy

Ben Bernanke and Janet Yellen at the Fed had a different message from the ECB (photo: dpa)
Ben Bernanke and Janet Yellen at the Fed had a different message from the ECB (photo: dpa)

The euro’s value on international markets has risen against the dollar recently and it could go higher if Europe offers stability and the chance for economic growth. But investment in European business could spell danger for those companies which are not on top of their game with new technology and prepared to face international competition.

<i>The euro has steadily appreciated against the dollar in recent weeks despite widespread consensus among exchange-rate experts to the contrary. What has driven its rise and why did most predictions turn out to be wrong? This report argues that in the recent past, traditional monetary theory has played a secondary role. Rather, two other va...

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