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Weaker euro works in ECB's favour, but for how long?

The weaker euro, which could approach parity with the US dollar, is making the European Central Bank's task of kickstarting the eurozone economy easierThe weaker euro, which could approach parity with the US dollar, is making the European Central Bank’s task of kickstarting the eurozone economy easier. Officially, the ECB has no exchange rate target. “In the current context, pushing down the euro is probably the only means the ECB has for pushing up inflation,” Natixis economist Sylvain Broyer told AFP. The ECB has rolled out a series of unprecedented measures in recent years to try to prevent the euro area from slipping into deflation, a dangerous downward spiral of falling prices that is difficult to break once it has set in.

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