The Comeback Currency

Jonathan Davies, CFA and Matthew Richards, CFA  | UBS Asset Management  | 27 February 2012

The US is struggling with the aftermath of a financial crisis and recession, the lingering effects of which include high unemployment and a lack of confidence in economic growth – a challenging backdrop to the president's campaign for re-election.  Meanwhile, the tough economic environment is putting pressure on the European monetary union, which is coming under political as well as financial pressure with talk of some members separating from the single currency bloc. The value ...