EU constitution doubts create euro pressure

The euro may come under further pressure next week as speculation builds about the French vote on the EU constitution.

21st May, 2005

The euro may come under further pressure next week as speculation builds about the French vote on the EU constitution. Last Friday, the currency fell to a seven-month low against the euro after an opinion poll forecast that French voters would reject the constitution. France's economy has barely grown in the first quarter.

“For a long time, the only story you heard was the US current account deficit dragging down the dollar,” said Steve Pearson,...

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