The report discusses the euro's weakness driven by portfolio managers' preferences, with real money investors selling EUFI/USD over the past year. It highlights the shift in European portfolio flows and the deterioration in the Eurozone basic balance as key factors. The report also notes the significant outflow of European fixed income to the US, driven by a preference for AAA securities and yield incentives.
documents/vol00010-efta01459036-pdf.pdf
{"title":"Special Report: Euregfut a year on: alive and kicking, EUWUSD to break parity","document_date":"2015-12-01","document_type":"financial","key_locations":["Eurozone","US","Switzerland"],"key_organizations":["Deutsche Bank","Bloomberg Finance LP"]}