Brave New World

Dangerous times for the euro 19/10/2009

BNY Mellon’s Simon Derrick tells the FT why the Indonesian Rupiah is his favourite currency, the AUD is his favourite G10 currency, why the US dollar will continue to decline, that the GBP may be reaching a bottom as political considerations may warn the Labour government away from parity against the EUR, and why the Eurozone may be facing some difficult days ahead if its currency keeps attracting foreign reserves.