In the News: Reuters

Portfolio manager Axel Merk tells Reuters that shorting the euro is no longer a "risk-free" trade

"...

Axel Merk, president and chief investment officer at Merk Investments in Palo Alto, California, said fundamentally, the euro zone is addressing its challenges, which means 'selling the euro is no longer a risk-free trade.'

'By all means, not all is perfect in the euro zone, and not all reforms will be implemented,' he said. 'But when I look around, most are still deeply negative on the euro. This suggests the rally may have much further to go than most are anticipating.'..."