The euro: a question of perception
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Don’t believe everything you read about the euro, says Rabobank’s Lee Ferridge. In terms of purchasing power parity, the dollar is the weak global currency
The euro will soon become the strongest G7 currency of the past 12 months -- as long as it remains at or above current levels against the dollar. Yes, we are talking about the same euro that is seen as a perennially weakening currency hampered by a supposedly inflexible domestic economy and intransigent central bank.
While this criticism may
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