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Originally Posted by StarkReality
The weak dollar is hurting european exports alot at the moment and will reflect on the Euro as well.
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European exports are up - not down...
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According to the document, seen by the Financial Times, the euro?s appreciation from 2001 to 2006 reduced eurozone exports by only 0.8 percentage points a year, an effect far outstripped by buoyant world demand, which added 6 percentage points to annual eurozone export growth.
Eurozone countries where domestic rigidities have driven down cost competitiveness also have the weakest export performance.
?Other factors ? including in particular foreign demand ? play a more important role,? the analysis says.
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http://www.ft.com/cms/s/0/e84f030e-7...0779fd2ac.html