Deutsche Bank defends the euro

Could the bears be overzealous about the value of the euro? Consider the argument for why it should bounce back towards the end of the year.

Deutsche Bank defends the euro

Sentiment towards the euro has turned extremely bearish given investors' negative outlook on the eurozone's more peripheral economies. Calls for the euro to reach parity with the US dollar are being reflected by record outflows from Europe's single currency. In an interview with FinanceAsia, Bilal Hafeez, Deutsche Bank's global head of FX Strategy, outlines why he thinks the bear case is overdone and says he expects the euro to rally back in the second half of the year....

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