Friday, October 01, 2010

Rising euro-dollar parity attracts imports to Italy

The euro has been steadily climbing up vs the US dollar since late August with the parity at an almost five month high as it rose above 1.36 during daily trading as of yesterday, as per Chemorbis. Thee appreciation of the euro gained speed particularly in the past 10 days as disappointing economic results reinforced worries about the weakening recovery in the US.

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