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Here’s how the ECB will force the euro lower
It is not as if the euro zone is short on problems. The economy is struggling to grow even as the rest of the world hits what is likely to prove the peak of this cyclical recovery. Jobs are not being created, and youth unemployment is crippling. Half the continent is slipping into deflation, worsening its debt crisis. And yet, on top of that, it has a fresh problem, and one that threatens to make its economic challenges even more insurmountable. A soaring currency. The euro EURUSD -0.13% just keeps on rising in value. Back in 2012, when people were seriously worried they might wake up one morning and find the euro ... (full story)
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