Europe's exporters face more pain as dollar sinks

Newswire

By Madeline Chambers FRANKFURT, Nov 19 (Reuters) - European exporters braced for more pain on Wednesday as the dollar plunged, raising the prospect of more cost cuts and a shift out of the euro zone by firms seeking to adjust to a less favourable export environment. The dollar slumped to an all-time low against the euro after a U.S. move to slap new quotas on Chinese textile imports sparked worries Washington might use protectionism to support the economy and jobs even if it meant a ...

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