ASSESSMENTS
Global Market Brief: Europe, Japan: Currency Appreciation Woes
Dec 22, 2003 | 03:20 GMT
Summary
As the U.S. dollar hit fresh lows over the week of Dec. 15, Japan and Europe displayed strikingly different strategies for dealing with their own currency appreciation. These divergent policies will directly affect the bottom line of manufacturing exporters, impacting share values over the coming year. The euro-dollar debate also threatens to deepen divisions within the European Union.
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