Euro on Track to be a Top Performer for 2013

Euro continues on track to be the top performer of 2013 with today’s performance. Much of that has to do with the fact the issues that have been plaguing the 17-nation currency region — from recession to political problems — are mostly resolved. Or at least have been moved to the back burner. For now, the euro continues to see mostly gains against its major counterparts.

Euro is heading higher against the US dollar and the Japanese yen today. The 17- nation currency is struggling against the UK pound, but has made some progress and pared some of its losses.

The euro is set to be a top performer for all of 2013, thanks to its remarkable run. The eurozone moved out of recession earlier this year, and many political issues were resolved. A banking union is much closer to being a reality, a move that should shore up the euro from further crises.

As a result, it’s little surprise that the euro has performed so well, and is heading into the final week of 2013 poised to be one of the top currency performers.

At 15:47 GMT EUR/USD is up to 1.3697 from the open at 1.3681. EUR/GBP is down to 0.8337 from the open at 0.8364. EUR/JPY is up to 143.4565 from the open at 142.7690.

If you have any questions, comments or opinions regarding the Euro,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *