Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Euro May Have Peaked as Periphery Yields Rise, BNY Mellon Says

Aug. 12 (Bloomberg) -- The euro’s rally against the dollar from a four-year low in June may have come to an end as bond yields in so-called periphery euro-area nations rise, Bank of New York Mellon Corp. said.

“There are clearly issues to be resolved as far as the euro zone’s debt problems are concerned,” Neil Mellor, a currency strategist in London, wrote in an e-mailed investor note today. It would be “remiss to ignore the possibility that we have seen the peak in euro-dollar for the time being,” he said.

The euro fell 0.2 percent to $1.2840 as of 10:29 a.m. in London.

Link to Company News:{BK US <Equity> CN <GO>}

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.