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Wednesday, May 4, 2011

Biaopu said the strong euro would endanger the euro region countries

Monday (2nd) in early trading in New York, the euro/dollar greenback, near the present currency traded at the level of 1.487, after touching a 1.4891 level in the 17-month high.

biaopu company (S& P) Jean-Michel Six, Chief European Economist said that the euro region countries, strong euro to the concerns of these countries may be greater than the European Central Bank (ECB) to raise interest rates.

Six pointed out that the euro could maintain a very strong trend in the coming months, this may be to Spain, and Portugal and Italy lead to bigger problems.

Six also pointed out that current interest rate inflation factor is still negative interest rates.

00:19 ', EUR/USD 1.4872/74.