TRADE, EXCHANGE RATES AND BUDGETS
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TRADE, EXCHANGE RATES AND BUDGETS The euro recovered as evidence of inflationary pressures in the euro area raised expectations of an imminent rise in interest rises: it gained 1.6% against the dollar. In the 12 months to May, France's current-account surplus widened to $35.1 billion, and Spain's deficit increased to $17.0 billion.
This article appeared in the Economic & financial indicators section of the print edition under the headline “TRADE, EXCHANGE RATES AND BUDGETS”
From the August 19th 2000 edition
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