Euro Bid to Challenge King Dollar Collides With Political Risk
- Italian budget standoff continues to worry investors
- Euro breakup risk needs to be ‘eliminated’, says Janus
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Europe’s dream of turning the euro into a global reserve currency that can rival the dollar is proving more elusive than ever.
A rally on Thursday notwithstanding, the euro is trading within striking distance of its low this year as a confluence of political risks looming large over Europe damp sentiment toward the common currency.