(Bloomberg) -- French President Nicolas Sarkozy
complains the euro's increase to a record against the dollar is
hurting European exports. So far, the numbers don't back him up.
Shipments from the 13-nation euro area rose 9 percent in
the five months through May from a year earlier, the second-
fastest pace in six years. That's because the euro has increased
less than half as much against the currencies of the region's 24
biggest trading partners as it has against the U.S. dollar.
Read more at Bloomberg Currencies News
complains the euro's increase to a record against the dollar is
hurting European exports. So far, the numbers don't back him up.
Shipments from the 13-nation euro area rose 9 percent in
the five months through May from a year earlier, the second-
fastest pace in six years. That's because the euro has increased
less than half as much against the currencies of the region's 24
biggest trading partners as it has against the U.S. dollar.
Read more at Bloomberg Currencies News
No comments:
Post a Comment