Euro Fall Has Added to Inflation Pressures By Investing.com
© Reuters
By Geoffrey Smith
Investing.com — The European Central Bank issued a rare warning about the euro’s sliding foreign exchange rate on Thursday, adding to the global unease among policy-makers at the dollar’s strength.
The ECB has traditionally said that it doesn’t target any specific exchange rate. However, the sharp slide in the euro this year has added substantially to the cost of the Eurozone’s energy imports, which are almost all priced in dollars.
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