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Dollar weakness: Strong euro threatens European industry

April 24, 2008 · Filed Under International Investing · Comments 
Blogger’s Note: The record low exchange rate of the dollar against the euro and yen is seen as a harbinger of doom for the U.S. economy. It should be pointed out, however, that the global, export-driven economy favors two things: Cheap labor. And a cheap currency. Accordingly, European businesses consider the low dollar as a [...]

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