The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis.
I think this stems from China having an amazingly well ironed out industrial base. That said, Russia and Turkey just signed a huge economic partnership recently as well.
I was expecting parallel imports from India or Turkey to replace them, but the Chinese are really fast.
I think this stems from China having an amazingly well ironed out industrial base. That said, Russia and Turkey just signed a huge economic partnership recently as well.