News Snapshot:
China’s yuan and Japan’s yen are set to suffer the most without greater efforts to mitigate the effects of global warming, while climate change could play out to the advantage of the euro, Barclays said in a report. The British bank mapped the effects of climate change on exchange rates, saying rising temperatures and associated economic costs could pose “rising and costly risk, with tangible FX impact”. In the bank’s most severe scenario, the euro is the outperformer, appreciating 0.5 per cent against the dollar by 2030 and 3.9 per cent on average over the next five decades, with euro...
