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Pedestrians walk past a statue depicting European unity outside the European Parliament in Brussels September 5, 2013.
Pedestrians walk past a statue depicting European unity outside the European Parliament in Brussels September 5, 2013.
(Francois Lenoir/Reuters)

BREAKINGVIEWS

Currency markets increasingly giving euro the cold shoulder

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

The amount of money coursing through the foreign exchanges each day now surpasses the combined annual economic output of Britain and France. But the euro’s share of this $5.3-trillion (U.S.) market has shrunk to its lowest since the currency came into existence in 1999, according to the Bank for International Settlements (BIS). It’s a puzzle.