What the Pros Say About the Euro's Future
The euro hit an all-time low versus the Swiss franc Tuesday, after hitting a 4-year low against the dollar the previous day. The single currency recovered in morning trade but fell back against the greenback in early afternoon, and analysts say it will remain volatile.
Some analysts say the European Monetary Union will collapse, while others are more optimistic. Check out what the pros say below:
Euro's Future Uncertain
Could the euro, in its current form, be dead in five years? According to a poll of economists by the UK's Sunday Telegraph, that is a possibility. Tim Congdon from International Monetary Research has analysis.
Euro to Hit $1.10: Strategist
Callum Henderson, head of FX strategy, global markets at Standard Chartered, is still short the euro and he sees the currency as good value at $1.10-$1.12. He also tells CNBC that the Fed is unlikely to hike rates before 2012.
Impact of a Cheaper Euro
A depreciating euro is positive for German and French manufacturers, Peter Flavel, global head of private banking at Standard Chartered Bank, told CNBC Tuesday. He and Ray Attrill, global head of research at Forecast Australia, discuss the euro's future.
Weaker Euro Is Helping
The weaker euro is helping some European economies such as Germany and France, but there are concerns over Hungary, Belinda Allen, market analyst at Colonial First State Global Asset Management said in a discussion with Neil Carter of Macquarie Funds Group.