Strong euro weakens European economy

European industry is reeling from the impact of the strong euro.

The worst hit are the sectors that do business mainly in a foreign currency and exporters who are losing their competitive advantage due to a stronger home currency, reports FT.com.

Although below its 2007 peak, the euro has gained 7% against the dollar and by 28% against the Japanese yen since August 2012.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.