The Wall Street Journal October 19 hearing: Euro strength could endanger the recovery of the euro area economy stronger and stronger political concern, in this context, 16 countries in the euro area Finance Ministers meeting in Luxembourg on Monday. In the Council of Ministers on a regular basis to discuss the issue of positive values in euro currency European political agenda is becoming more and more significant. Since March this year, EUR/USD exchange rate increased by 20%, against the pound and RMB also significantly stronger. The US dollar against the euro last week reached 14-month low, partly governed by the United States also remains low interest rate expectations. Economists say euros against the euro area trade-weighted basket of currencies in the past year increased by 10%, some estimates, this is enough to make the euro area economy to grow one percentage point.
No comments:
Post a Comment