Parity between the euro and the dollar is starting to look inevitable, and that would normally be a competitive boon for a manufacturing export-led economy, such as the euro area. This time is different. Demand from two of the European Union’s main trade partners, China and Russia, is hamstrung by major domestic weaknesses and sanctions.
What’s worse, the weaker euro will stress the other side of the trade equation. With natural gas rising to the highest for two years, the energy import bill will likely head northward.
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Publish date : 2025-01-06 21:00:00
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