Fueled by concern about the Europe’s deteriorating economic situation and increased geopolitical risks, investor bearishness on the euro is now eclipsing levels seen back in October 2020 when the fallout from Covid was wreaking havoc around the world, according to Bank of New York Mellon.
The euro currency and related exchange traded funds are taking a beating as the ongoing energy crisis and heightened geopolitical risks weigh on the Eurozone's economic outlook.
EMEA Morning Briefing: Steadier Start Seen for Stocks But Headwinds Persist morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.