The upcoming weekend and the Euro
If France votes against the constitution, it will have a negative effect on the Euro, which is good for France and business. The Euro has been too strong, crippling European exports and why the growth there has been anemic. I think conservatives in France might very well be for a no vote. As for the dollar, a no vote will boost its value. Net effect could be a wider trade deficit as US exports get more expensive. All in all, a very interesting weekend coming up.
This entry was posted
on Thursday, May 26, 2005 at 10:33 AM.
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