Sunday May 31, 2020

Euro’s strong performance to cause exporters trouble

As if the economy did not face enough of a challenge, coping with the housing slowdown, international currency markets and high oil prices are now adding to the challenges.

1st March, 2008

As if the economy did not face enough of a challenge, coping with the housing slowdown, international currency markets and high oil prices are now adding to the challenges. Sterling and the dollar have both hit record lows against the euro over the past week, posing problems for exporters.

Markets forecasters believe both currencies will remain weak against the euro for some time, with investors reacting to expectations that interest rates in the US in...

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