ECB pump unlikely to move US
Stronger dollar undercuts competitiveness of US goods, but American tourists will benefit
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New York
FOR US investors and tourists especially, the long-awaited move by the European Central Bank on Thursday to help stimulate growth on the Continent is welcome news. For the rest of the US economy, it will not matter so much.
Even if the ECB's effort is ultimately successful and the eurozone emerges from the business equivalent of hibernation - hardly a certainty - that added growth is unlikely to move the US economic needle.
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