Dollar-Euro Imbalance Alarms European Industry
Europe is increasingly perplexed by the U.S. dollar's fall and the euro's steady gains--about 40% in the last two years. The European currency was valued at $1.25 late last week, after recently peaking at nearly $1.30, up from a low of $0.88 in early 2002. The dollar's depreciation--which affects...
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