Euro To Reach Parity Against The Dollar By End Of 2001, Says MG Financial
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The currency market developments in fourth quarter 2000 indicate that macroeconomic trends are once again having a crucial impact on the major currency pairs. Broadening evidence of a slowdown in US economic expansion, and deteriorating developments in economic and financial sentiment in Japan have triggered a rebalancing process in the US dollar, euro and yen.
This resurgent trend is likely to dominate the fundamentals underpinning the currency market in 2001, says Ashraf Laidi, chief currency
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