ForeX

Nov. 29 — The euro, trading near a record high, is unlikely to replace the dollar as the world’s dominant reserve currency because the eurozone’s financial markets remain fragmented, Bank of America Corp. said.
Europe’s single currency is used by 13 nations in the region though the U.K., the second biggest economy, has so [...]

Nov. 24 — European Central Bank executive board member Lorenzo Bini Smaghi said the U.S. economy justifies a stronger dollar than is reflected in its current value.
“I’m convinced that the American economy is stronger than is reflected in the exchange rate,” Bini Smaghi said in a speech to manufacturers in Prato, Italy, today. [...]