A Strong Euro Starts to Worry EuropeBy
A new obstacle lies in the path of euro zone economies struggling to regain traction. It’s the strength of the euro currency, which is trading this week near a 10-month high of $1.34 against the dollar and threatening the competitiveness of European exporters. “Dangerously high” was how Luxembourg Prime Minister Jean-Claude Juncker described the exchange rate in a Jan. 15 speech.
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