Another False Dawn For The Euro


FRANKFURT -- The euro may be enjoying a revival against the dollar, but investment flow figures made public last week suggest the current upturn is another false dawn for the currency.

One of the underlying problems for the euro since its inception in 1999 has been the continuing flow of investment capital from the eurozone into the US. European Central Bank (ECB) figures showed last week that combined investment outflows had been E117.4 billion from January to May, compared with E54.8

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