Forex: ECB’s Draghi Warns on Euro Strength – Will it Keep Rising? | DailyFX: "In support of the ‘stronger Euro reflects confidence in the region’ argument, consider that on an equal-weighted basis versus the Australian Dollar, the British Pound, the Japanese Yen, and the US Dollar, the Euro gained +1.12% in the 3Q when GDP was -0.3% y/y; growth accelerated in the 4Q to +0.5% y/y when the Euro basket gained +4.01%. It’s difficult for anyone to suggest that the Euro represents a constraint to growth from this perspective; the higher Euro is a result of capital returning to the region."
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