Europe May Face Knockout Blow From Dollar Decline: Matthew Lynn

As if things weren’t tough enough for the euro-area economy, another villain appears on the scene threatening to deal a knockout blow to an export-driven recovery.

The culprit? The declining U.S. dollar.

The currency is slumping again, making exports from the 12- member euro region more expensive. On Thursday, the dollar’s weakness forced the euro above $1.26, not far from its record high of $1.28, set in February this year.

Bloomberg