Draghi Loses War for Growth With Euro Beating Peers
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The euro has overtaken Sweden’s krona as this year’s best performing major currency, revealing how far European Central Bank President Mario Draghi is falling behind his contemporaries in the foreign-exchange wars.
The euro has strengthened 4.6 percent in 2013, the most among 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes and outpacing the krona’s 3.7 percent gain. Strategists are raising their forecasts for the 17-nation currency, data compiled by Bloomberg show.