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Word: euro (lookup in dictionary) (lookup stats)
Dates: during 2010-2019
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Usage:

...smart money these days isn't obsessing about the stock market - it's making huge bets against the euro and the Japanese...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

Since the start of the year, the 16 European nations that make up the euro zone have watched their currency plunge to an eight-month low as a result of sovereign-debt panic. Greece, which is perhaps the weakest link in the European Union, was first to hit the wall on news that its deficit has ballooned to nearly 13% of GDP. Then last week, worry about debt default spread from Greece to Spain, Portugal and Ireland, where spending is similarly out of control. (See the best business deals...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...euro bears most watching in 2010," says economist David Rosenberg of investment firm Gluskin Sheff & Associates in Toronto. "The fiscal situation in Greece and Portugal is the most significant test for the euro's expansion in at least a decade...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...economic malaise of the E.U. and Japan has central bankers and bondholders worried. But it has currency speculators and arbitragers licking their lips at the prospect of riding the euro and yen on their downward slide, while at the same time making fat profits on high-yield investments and rising currencies in emerging markets...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

Certainly the U.S. did not embrace the idea of carry trades being funded by the greenback, because this worked to only further weaken the dollar against major currencies, including the euro, the British pound and the Swiss franc. This made imports more expensive for consumers - at least in theory. (In reality, because of the size of the U.S. market, few importers could risk raising their prices for fear of being pushed...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

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