Buoyant risk appetite pushes euro up again

London

THE euro edged higher for a second consecutive day on Wednesday, recouping more than half of its losses sustained after the German coalition collapse as investors bought the single currency on expectations of strong economic growth.

With risk appetite firmly on the front foot, world stocks perched at a record high and market gauges of volatility heading back towards record lows, even commodity-linked currencies, such as the New Zealand dollar, which have suffered a recent beating, found some support.