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Reuters
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The European currency has delivered good profits to its investors over the past year, with the euro, along with technology and gold stocks, being seen as one of the most profitable investment vehicles in 2020.
The real profitability of the euro has reached over 25% in 2020, and Artem Tuzov, executive director of the capital markets division of Univer Capital, expects the European currency to maintain this trajectory during the l ‘current year.
Regarding the reasons for the rise of the euro, the expert referred to the measures to support citizens and businesses by the authorities, as well as the withdrawal of investors’ money from risky assets in favor of the main reserve currencies.
It comes at a time when the dollar is expected to fall between 10% and 15% against the world’s major currencies in the current year following the appointment of Janet Yellen as Secretary of the US Treasury.
Source: Novosti
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