EFTA Document EFTA01459596

12 January 2016 FX Blueprint: Forever Young Europeans abandoning Europe On the other side of the Atlantic the recovery remains intact but the euro has not been responsive to better European data. Ongoing ECB dovishness, negative yields, and European investors' large underweight in foreign assets all suggest that these outflows are likely to continue, a phenomenon we have previously termed Euroglut. Interestingly, the composition of portfolio flows between different investors has underg