German businessmen must be grinning from ear to ear as the euro falls as it helps to augment their potential for exports.
The White House will be worried as in 2014 11.7 million American jobs were supported by exports. A strengthening dollar would affect the US export sector adversely.
The US Treasury Secretary should soon seek a 'strong' not 'stronger' dollar.
In the meantime, euro seems to be headed south despite Draghi's reassurance of a growth path.
As dealers, one follows trend. The trend now is 'sell the euro'.
With no risk or responsibility.
The White House will be worried as in 2014 11.7 million American jobs were supported by exports. A strengthening dollar would affect the US export sector adversely.
The US Treasury Secretary should soon seek a 'strong' not 'stronger' dollar.
In the meantime, euro seems to be headed south despite Draghi's reassurance of a growth path.
As dealers, one follows trend. The trend now is 'sell the euro'.
With no risk or responsibility.
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