LONDON (Reuters) -There is early evidence that bond issuers and investors are making greater use of the euro, ING said in a report published on Wednesday to mark 100 days since ECB chief Christine Lagarde said the euro could become a viable dollar alternative. The report stressed that Europe needs to deliver credible reforms to support the euro’s role as a global currency and that competing against the dollar would not be easy. Although the euro’s share of global FX reserves held steady in Q1 at around 20%, year-on-year trends are positive and smaller reserve managers are emerging as new sources of demand for the euro.Read More
