Arrangement of various world currencies including the Chinese Yuan, U.S. dollar, Euro and British pound are seen in this January 25, 2011 photo illustration. REUTERS/Kacper Pempel/Illustration
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Central bankers and equity investors can find common ground on one topic.Tweaking share portfolios for the coming months comes down to just how much further investors think the euro can rally.That has helped Wall Street narrow its 2017 performance gap with eurozone markets in dollar terms, although when viewed through the prism of the euro, the S&P remains negative for the year.Additional euro strength cannot be ruled out if the economy extends its upswing and the US lags behind.A weaker dollar has helped loosen financial conditions, thus offsetting the Federal Reserve's three interest rate tightenings since December.Alan Ruskin at Deutsche Bank says the risk of more tightening from the Fed and an ECB stressing the need for easy money well into 2018 beckon.
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