The euro is soaring well above a level that equity investors were calling a “pain threshold” only six months ago, but stocks are holding their ground.
The inverse relationship between the Euro Stoxx 50 Index and the currency is at its weakest since July as optimism rises that economic growth will help cushion the blow to exporter profits.
The equity gauge barely budged last week, even as the region’s currency posted its sixth straight advance and rose above $1.25 after a policy update from the European Central Bank did little to rein in gains.
Source: Bloomberg Pro Terminal
Trader-G.Bozhidarov
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