FILE PHOTO: A symphony of light consisting of bars, lines and circles in blue and yellow, the colours of the European Union, illuminates the south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 30, 2021. REUTERS/Wolfgang Rattay
March 10, 2022
By Saikat Chatterjee and Dhara Ranasinghe
LONDON (Reuters) -The euro’s fall of as much as 4% against the dollar and Swiss franc in two weeks is raising the question of what – if anything – the European Central Bank will do about it.
Euro weakness, in normal times, would be welcomed by an export-reliant bloc that has long struggled to meet a 2% inflation target. But in days of 5%-plus inflation, record energy import bills and a looming Russia-linked growth hit, it is something the policymakers cannot ignore.
Given that the decline is down primarily to the diminishing likelihood of a near-term…
