The strong euro is not a serious problem and currency “bears” just need to patient and stop badgering the European Central Bank to address the problem, leading investors in the region have told CNBC.
The stubbornly strong euro, which has surprised investors with its two-and-half-year high last month, is not “sufficient to derail the recovery” at current levels, and is forecast to ease from September onward, according to James Sym, European fund manager at Schroders
“It is unhelpfully strong, but it is not preventing euro zone from recovering,” Sym told CNBC at a media briefing in London. “The strong euro is quite good for my portfolio, as I am overweight companies with domestic exports,” he said.
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