www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / Fashion

Can they get any sort of satisfaction?

By Michael R.Sesit | China Daily | Updated: 2007-10-16 07:09

The signature song of the Rolling Stones (I Can't Get No) Satisfaction may become the unofficial anthem of the 13-country euro-area.

Can they get any sort of satisfaction?

The European common currency reached a record high of $1.4283 on October 1 and is up 7.6 percent against the dollar this year. From its lows in October 2000, the euro has soared 71 percent against the dollar and 86 percent against the yen.

A strengthening euro makes goods from the region less competitive on world markets. It also means that European companies' overseas sales and earnings are worth less when translated into euros.

Odds are that when finance ministers and central-bank heads from the Group of Seven major industrial countries meet in Washington on Friday, the Europeans will give the Americans and Japanese an earful about not doing enough to buoy their currencies.

"Eurozone finance ministers will be plotting a way to try to get the United States to do more about the weak dollar," says Steve Barrow, London-based chief currency strategist at Bear, Stearns International Ltd.

The euro is about 26 percent overvalued against the dollar, based on purchasing power parity, according to Credit Suisse.

With their economy in retreat - gross domestic product fell an annualized 1.2 percent in the second quarter - Japanese authorities are in no rush to see the yen appreciate and hurt their export-driven economy.

Six months from now, the euro will fetch $1.45 and 167 yen, compared with $1.4184 and 166.34 now, Barrow says. In a year, he expects the euro to change hands at $1.50.

No doubt, the euro will weaken if Europe's economy stumbles. But that's not a scenario euro-area officials and executives want to contemplate.

Michael R. Sesit is a Bloomberg News columnist. The opinions expressed are his own.

(China Daily 10/16/2007 page16)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 在线亚洲精品视频 | 草草免费观看视频在线 | 91九色首页 | 免看一级a毛片一片成人不卡 | 午夜精品一区二区三区在线观看 | 手机看片国产免费 | 香蕉超级碰碰碰97视频在线观看 | 一本一道波多野结衣456 | 日本不卡在线一区二区三区视频 | 九九午夜 | 欧美黑人性xxx猛交 欧美很黄视频在线观看 | 国产成人高清精品免费观看 | 国产欧美一区二区三区在线 | 国产91精品一区二区麻豆亚洲 | 久久99精品久久久久久野外 | 国产日韩视频在线观看 | 亚洲精品久久久久午夜三 | 精品亚洲永久免费精品 | 国产色手机在线观看播放 | 亚洲欧洲国产成人综合一本 | 俄罗斯aa毛片一级 | 欧美日韩成人在线视频 | 日韩一级黄色毛片 | 美女免费毛片 | 三级毛片免费观看 | 九九免费精品视频在这里 | av国产精品 | 国产午夜精品久久久久九九 | 国产午夜人做人视频羞羞 | 亚洲最新网址 | 国产精品视频久久久 | 欧美极品在线 | 性生i活一级一片 | 男人天堂网在线视频 | 久草播放| 成人午夜精品 | 免费观看一级特黄欧美大片 | 美女视频一区二区三区 | 欧美成人高清免费大片观看 | 亚洲天堂日韩在线 | 国产乱码一区二区三区四川人 |