have pushed the euro lower and increased bets on volatility in the currency. Implied volatility for the next three months, which allows investors to protect themselves from swings in the euro – or bet on such volatility – rose to the highest since midDecember. The euro fell below $1.05 for the first time in six weeks to $1.0494 in early trading. “Relative to the Greek experience, it is much clearer for my money that if France was to leave it would be a much more negative event for the euro than if Greece was to leave,” said Roger Hallam, chief investment officer for currencies with JP Morgan Asset Management in London.
Growth in Serbia’s economy is expected to pick up to 3.5 percent next year as exports and investments in infrastructure projects rise, the central bank said in a quarterly report. The bank held its 2017 growth forecast at 3 percent.