Another US slump would be blow to Ireland

INCREASED nervousness about the pace and state of economic recovery in the US has pushed the euro back up from its recent lows of $1.13 to over $1.15 against the world’s leading currency.

And this latest euro dollar rally looks set to continue as uncertainty about if and when the mighty US finally decides to leave slow economic growth behind.

Perhaps of even greater concern is the question of deflation, the technical term dreaded by most investors.