Draghi’s Euro Angst Rising as Rally to $1.40 Pummels: Currencies
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The case for European Central Bank action to curb the euro’s gains is getting stronger after the 18-nation currency jumped to within a half-cent of $1.40.
“A print of $1.40 is a psychologically important level which may set off some alarm bells to officials,” Neil Jones, the head of hedge-fund sales at Mizuho Bank Ltd. in London, said in a May 2 phone interview.