1. Europe getting concerned
about high-flying Euro
Comments by Sarkozy and Trichet indicate there is trouble brewing
with the Americans over the Greenbacks rapid decline
US administration’s weak Dollar policy faces political headwinds - Europeans suffering most, since
China’s Renminbi declines with the Dollar and gives China’s exports added boost in Europe
French
1.45
Euro vs. Dollar President calls
1.40 Euro’s climb to
14-month high
1.35 a “disaster”,
1.30 Killing Europe’s Trichet sees
export “excessive
1.25 competitiveness volatility”
11/08 1/09 3/09 5/09 7/09 9/09
Oct. 21, 2009
GAPA NEWS