The euro’s nine-year itch
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With less than two months until the January 1, 2002 changeover to euro notes and coins, Deutsche Bank, the top bank in FX research and strategy according to FX Week’s 2001 survey -- examines the currency’s persistent weakness. By Michael Rosenberg, global head of FX research at Deutsche Bank in New York
At the time of the euro’s launch in 1999, there appeared to be near-universal optimism regarding the euro’s prospects. It was felt that the Bundesbank’s anti-inflation credibility would transfer
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