(Bloomberg) -- French President Nicolas Sarkozy
complains the euro's increase to a record against the dollar is
hurting European exports. So far, the numbers don't back him up.
Shipments from the 13-nation euro area rose 9 percent in the
five months through May from a year earlier, the second-fastest
pace in six years. That's because the euro has increased less than
half as much against the currencies of the region's 24 biggest
trading partners as it has against the U.S. dollar.
Read more at Bloomberg Exclusive News
complains the euro's increase to a record against the dollar is
hurting European exports. So far, the numbers don't back him up.
Shipments from the 13-nation euro area rose 9 percent in the
five months through May from a year earlier, the second-fastest
pace in six years. That's because the euro has increased less than
half as much against the currencies of the region's 24 biggest
trading partners as it has against the U.S. dollar.
Read more at Bloomberg Exclusive News
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