Euro Is Turning Into ‘Credible’ Safe Haven After EU Rescue Deal
- Currency could rise to $1.30 for first time in 6 years: Mizuho
- ‘Massive’ pool of bonds to challenge Treasuries premier status
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Europe’s landmark recovery deal is just what the euro needs to press on with a rally that could send the common currency to multi-year highs, according to strategists.
Having been in the doldrums since the euro area sovereign debt crisis nearly ripped the bloc apart less than a decade ago, strategists see the common currency roaring back in the coming months, potentially as high as $1.30.