Euro Hits 1-Month Low Vs. U.S. Dollar

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Sept. 3 (Bloomberg) -- Michael McKee discusses the euro and currency trading with Julie Hyman on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Traders to speculate that we could see that tapering happen sooner rather than later with yields dumping up on that speculation.

We have been keeping an eye on currencies, specifically the euro, which is trading at a one- month low against the dollar.

For more on the euro, we are joined by michael mckee.

We had seen a pretty good run for the euro over the longer- term and then it gave it up over the past month.

You look at the fundamentals and it's about the rate differential.

Things are moving back in the other direction.

The europeans seemed to have much lower interest rates than the united states.

Now it looks as though we are going the other way.

We are seeing not only a change in the sentiment about tapering in september but better than previous growth in the united states and you can see that in the ism data today with u.s. and the great britain much stronger than the rest of the eurozone.

You are looking at much stronger returns in the united states.

As taper talk heats up, you have seen a move away from emerging- market currencies which means

This text has been automatically generated. It may not be 100% accurate.


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