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.


With the EURUSD having briefly traded below 1.20, some investors have positioned themselves for the euro reaching parity with the US dollar. Why do you think otherwise
In short, we think the euro will...