Profit-taking hits European exporters as USD falls

Newswire

By Lincoln Feast LONDON, Sept 24 (Reuters) - A sharp fall in the U.S. dollar has shaken equity markets and clouded earnings outlooks for some European exporters but analysts said many investors were simply booking profits after a strong rally that may soon resume. The Group of Seven meeting in Dubai prompted currency markets to dump the U.S. dollar this week as markets interpreted calls for more flexible exchange rates as a sign that Japan may stop weakening its currency to boost ...

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