Euro Gains Damp Breakup Talk on Germany’s Strength
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Just a month ago, BNP Paribas SA, Royal Bank of Scotland Group Plc and UBS AG said the euro was heading toward parity with the dollar as Europe’s sovereign debt crisis threatened to tear the European Union apart.
Investors who bought the 16-nation currency when it reached a four-year low of $1.1877 on June 7 would have realized a return of 6.4 percent by now after the euro strengthened to $1.2641 on July 9 in New York.