Europe has had an image problem. It has seemed unable to change and adapt to the world.

The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation.

The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation,

There is a persistent trend that we are seeing in Asian currencies and it has got to do with more than a view on Fed policy.

This raises the chances of an easing in French and German rates before the year end.

Can interest rates shore up the euro? Not so far,