- May 19, 2010
- Posted by: Ramki Ramakrishnan
- Category: Euro
The Financial Times editorial of Monday 17th May is emphatic: a weak Euro will boost the eurozone’s export competitiveness, and hence should be welcomed. If this wisdom becomes accepted widely, then there need be no fear of intervention, and the markets could sell on every corrective bounce until the technical targets below 1.1700 are reached.