Nov
18
Hedge-Fund Veteran Says Euro Slide Almost Over, UBS Agrees
By-
Vulpes’s Diggle plans to invest more in German properties
-
Euro may appreciate to as high as $1.10 in 6-12 months: UBS
Stephen Diggle, who co-founded a hedge fund that made $2.7 billion in 2007 and 2008, said the euro’s slide is almost over and his German property holdings will benefit. UBS Group AG, the world’s largest private bank, agrees further losses are set to be limited.
The euro tumbled to a seven-month low against the dollar this week as investors assessed the impact of Friday’s terror attacks in Paris on the region’s stuttering economy. The single currency has weakened more than 6 percent since European Central Bank President Mario Draghi signaled on Oct. 22 that policy makers are open to boosting stimulus, even as the Federal Reserve moves toward raising rates…
Hedge-Fund Veteran Says Euro Slide Almost Over, UBS Agrees
