Hedge fund veteran said that the decline of the euro is coming to an end. Stefan diglyme, which is co-founder of hedge fund made $ 2.7 billion in 2007 and 2008 is expected to increase soon.
UBS AG Group, the largest private bank in the world agrees and expects further losses to EUR to be confined.
The euro tumbled to a seven-month low against the dollar this week as investors assess the impact of the terrorist attacks on Friday in Paris.
The euro may cede to parity if the Fed raises interest in December and the ECB extended incentives, although this will probably be short-lived, said Kelvin Tay, regional chief investment officer at UBS in Singapore.
E.Dimitrov JrTrader
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