The euro devaluation is the main driver of euro zone equities’ rise

Posted on 01. Dec, 2015 by Jean Jacques Ohana in Weekly Focus

December 1, 2015

The effective euro currency rate dropped 13% since Mid-2014 (figure 1). The euro went into free fall not only vs. the dollar but also vs. the Chinese yuan, the Swiss franc and the British Pound.

This depreciation is a direct consequence of the ECB quantitative easing (and the subsequent euro zone bonds reflation). Furthermore, [...]