Asian shares held firm while the euro hit one-year lows on Tuesday as investors increasingly expect the European Central Bank to expand liquidity as soon as next week to boost the sagging euro zone economy.
The euro fell to its lowest in nearly a year against a firmer dollar on Monday after the head of the European Central Bank said he was prepared to take action if inflation dropped further, raising expectations of quantitative easing.
John Hancock Funds and Merk Investments LLC, the top US foreign-exchange mutual funds who earned profits last year, had opposing views about the US dollar's performance this year, a Bloomberg report said.
Some say the Euro is overvalued while others claim it is not.
Entry of the Euro in Latvia had not made any positive effect on the country's economy.
The Euros consistent climbed has encouraged currency repatriation in Europe.
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
The sales of US homes unexpectedly fell in July that had caused the US dollar to plunge against the Euro.
The dollar has risen after a month-long slump but the journey upwards is not going to be smooth.
Global shares increased as the ECB lowered interest rates.
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