The Euro's Rise: Don't Expect a Rate Cut
With the euro rising above the $1.50 mark—and showing no sign of reversing its recent uptrend—exchange rates are once again returning to the spotlight. European officials are pushing for more verbal intervention from U.S. officials to "talk up" the greenback, but there is no sign of any other action to curb the euro's appreciation. Indeed, the inflation hawks at the European Central Bank may welcome the policy mix of a strong currency and relatively low interest rates.
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