While you were sleeping: Euro rallies, Carillion collapses

Mon, 15 Jan 2018

By Margreet Dietz Jan. 16 (BusinessDesk) - The euro strengthened to a three-year high amid optimism about economic growth in the European Union, the currency’s rise weighing on the region’s equities, notably those of exporters. The euro rose as high as US$1.22965, the highest level since December 2014. Indeed, hedge funds and other speculative investors have amassed the heaviest long positions on the euro ever, Bloomberg reported, citing the latest Commodity Futures Trading Commission data, amid bets on a September end to European Cen...

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