Over the past 24 hours, the one asset class which has been under tremendous pressure has been the euro. It reached one year lows against the dollar to reach the 1.288 mark.
Olivier Desbarres, Head of FX Strategy, Asia Pacific Ex-Japan at Barclays Capital tells CNBC-TV18 that the euro is ultimately reflecting the fact that as we get into year-end, liquidity is getting thinner and thinner. Below is an edited transcript. Watch the accompanying video for more. Q: To what do you attribute this fall in the euro the first day after people returned from the Christmas break? What do you think can happen in the next one week or so?
A: It
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