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The US has (mostly) got it wrong on the euro

Published Thu, Feb 9, 2017 · 09:50 PM

London

THE US administration is three parts wrong and one part right in its criticism of Germany over its allegedly undervaluing the euro.

Mistake No 1 is symptomatic of Donald Trump's early policies; the president and his advisers appear all too ready to lash out and hector others about problems largely of America's own making.

The dollar has been appreciating by around 10 per cent a year in tr…

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