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And if the euro was undervalued because of political risk

They should look at long term trade flow and current account data and not just interest rates.In my second (and most recent) article about the euro, I told readers to buy the euro ahead of the French elections. Reason being, all the talk about political instability in Europe is exaggerated. And if the euro was undervalued because of political risk, then it should rebound by a lot, because there are no political risks in Europe.

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