Euro strength raises risks for Europe's exporters

Newswire

By Anshuman Daga LONDON, Nov 24 (Reuters) - Europe's export-reliant sectors, especially its industrial and automotive firms, could see their earnings dented by the euro's continuing strength against the dollar, strategists said on Friday. The euro shot above $1.31 on Friday for the first time since April 2005, pushing gains in the single currency to as much as 11 percent so far this year. The dollar also fell sharply against other major currencies. "It's another reason to steer clear ...

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