Euro shares miss out on boost from stronger dollar

The recent surge in volatility in the currency market has done little to disturb the relative calm that investors in European stock markets are betting on.

With US markets closed for Thanksgiving, European shares were little changed yesterday and have moved in a tight trading range for the past few months. This is despite the euro having weakened almost 7% against the dollar since August.

That’s pushing the VStoxx Index measuring expectations for equity swings or volatility to a one-year low relative to euro-dollar swings.