New York University Professor Nouriel Roubini said the European Central Bank should consider cutting its benchmark interest rate in an effort to weaken the euro against the dollar.
Speaking at a conference in Cernobbio, Italy Roubini said that austerity measures being implemented to cut budget deficits in Europe are a “risk” to the region’s economic recovery.
The U.S. labor market remain ‘very weak’ even after jobs data today that was better than economists’s forecasts.
in Bloomberg
Related: CurrencyShares Euro Trust (FXE)
