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Euro may not weaken sharply even under Japanese-type stimulus from ECB
The European Central Bank has flagged the prospect of asset purchases if the euro keeps rising, yet few investors and analysts are convinced that even Japanese-style money printing would decisively weaken the euro. A decisive ECB move to break what many had thought to be a taboo on quantitative easing - at least within Germany, the euro zone's largest economy - could cap the euro. But analysts and fund managers think any QE programme would be modest, making a major reversal of the exchange rate unlikely. Underlining the strength of the taboo that would have to be broken, the ECB stands alone among the world's three ... (full story)
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