Emerging economies could be hit by euro devaluation, private report

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articlenopicA report released by IAEF Argentine Finance Executives Institute think tank concluded that a further euro depreciation would give Germany an extraordinary competititveness and a savings capacity, involving a premature real dollar revaluation, thus impacting on the rhythm of growth of emerging economies.

The dollar revaluation could drag the Argentine peso down, mainly if Brazil's real depreciates against the US currency.

Despite all this, the report highlighted a sustained rhythm of the Argentine economy, boosted by the agriculture production and domestic expenses, amid positive data like May's tax collection and the trade balance.

Source: http://www.buenosairesherald.com/BreakingNews/View/36361

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