Euro depreciation predicted against the stronger dollar


Foreign exchange managers have predicted years of euro depreciation against a strengthening dollar, while others are expanding beyond the ‘Big Four‘ currencies to find profit opportunities.

Mark Rzepczynski, chief investment officer of $1.4bn Florida foreign exchange and CTA managers John W Henry, says the euro‘s decline could continue for several years. He attributed the dollar‘s fall to factors such as the falling US equities market, interest rate divergence favouring Europe and America‘s mov