The new low hit by the dollar has prompted international fund managers to shift from U.S.-based bond funds to those within the eurozone in May, Reuters reports. The data come from a monthy Reuters poll of 40 fund managers, which showed that the euro’s rise encouraged the 40 fund managers polled to favor most euro zone assets, particularly fixed income.

Analysts are predicting an interest rate cut from the European Central Bank due to the unprecedented rise in the Euro’s value.

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