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What I think this means is (to paraphrase the profet Paul), eurzone 19 is about to sacrifice historical YoY trade surplus with the USA.

Wake me up when either one of two events occurs.
Next POTUS demands sanctions against ECB currency manipulation; or
GBP slides past EUR to the magic 1:0.89 USD

by Cat on Tue Jul 12th, 2022 at 07:31:34 PM EST

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Oui 4

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