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Saturday, July 26, 2008

The Euro

The euro was designed to become the first currency in the market by the mere fact of being quoted in America. As the U.S. dollar, the euro has a strong international presence arising from the membership of the European Monetary Union. The currency remains plagued by uneven growth, high unemployment, and government resistance to structural change. The couple has also weighed in 1999 and 2000 by outflows of foreign investors, including Japanese, who were forced to liquidate their investments lose assets denominated in euros. Moreover, European money managers rebalanced their portfolios and reduce their exposure to euro their needs hedging in Europe declined.

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