Ser­bian growth.

Kathimerini English - - Focus -

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.

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