Euro faces further falls against dollar

- By FX Markets Staff
- @FXMarkets_
- 19 Mar 2001

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The euro may have recovered some of the ground it lost against the dollar last year but as Ken Bercuson, head of research at New Jersey-based FX trading service Hotspot FX argues, the single currency may be testing new lows sooner, rather than later

While exchange rates might equilibrate the overall balance of payments, examining the likely moves in capital flows is usually a reliable predictor of their course in the near term. This is because the capital account reacts much more quickly to

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