Konstantinos Venetis, senior economist at TS Lombard, said exchange rates were a lesser issue than some years ago when “currency wars” saw countries actively try to influence exchange rates to get an edge over rival nations.
“What you really need is to see global demand picking up. If that happens, euro even at $1.20 won’t be so painful,” Venetis said. “Currency depreciation can be a way to help your exports only if the world is growing briskly and demand is healthy.”
We have a 30 year track record of successful calls. Many of these calls combined economic, political and market analysis.READ MORE