Euro is set to fall on US dollar policy
MARKET NEWS
The US government’s stance on the US dollar may halt any gains the euro made last week, says Matthew Clements, economist at Prebon Yamane in London.
In recent weeks, the US government has come under increasing pressure from domestic manufacturers to take a softer stance on its dollar policy with the National Association of Manufacturers (NAPM) in the US claiming that the dollar is up to 30% overvalued. Industry has become more vociferous about dollar strength because the manufacturing sector is
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