ETF Trends
Weighing on the euro currency, the Eurozone's deeply negative rates, expectations of further easing out of the European Central Bank, ongoing global trade war and relatively high-yield U.S. assets have all taken their toll, the Wall Street Journal reports. Salman Ahmed, chief investment strategist at Lombard Odier IM, warned of the possibility of the exchange rate reaching $1 to the euro, or parity, especially if Eurozone governments fail to raise spending to counteract the slowdown since the ECB has less room to ease. “The fact that the ECB can’t lower rates from here means they can’t support the economy,” Emiel van den Heiligenberg, head of asset allocation at Legal & General Investment Management, told the WSJ.