Sharp fall in value of European shares

EXPORTERS hit by the rise in the euro can expect little relief over the next 12 months with some forecasters suggesting an exchange rate of $1.30 by early next year.

Sharp fall in value of European shares

Fears of the dollar's continuing slide has resulted in sharp falls in the value of European shares in recent days as the rise in the euro raises further concerns about European economic growth.

If the dollar continues to slide then exports and economic growth would be imperilled in Ireland as well as in the rest of Europe, experts warned.

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