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Draghi Dodges QE Disappointment With Plan That Might Work (Jeff Black and Scott Hamilton, Bloomberg) If the value of the euro can be depreciated enough then maybe inflation can be increased as people will spend what they have before it will buy less. And of course imports will cost more if they come from countries with less weak currencies. And the euro is depreciating: Just 36 hours ago the EUR/USD was $1.162; about 12 hours before this was being written (1:20 am EST) the exchange was at $1.137; at 7:27 am EST it was $1.117; and at 1:20 pm EST it was slightly firmer at $1.124. Get the latest at EUR/USD Overview, Investing.com. There is more about the euro below. Sign up for free newsletter to become an Econintersect member with access to the latest on what we find important around the internet today.
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