We think lower German interest rates in due course will allow European currencies to depreciate against the dollar bloc.

我们认为较低的德国利率到时候将容许欧洲货币相对于美元集团货币发生贬值。

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Hovering near 11-month lows, the euro strengthened only slightly against the dollar as investors feared that credit downgrades were looming for members of the 17-nation currency bloc.

WSJ: Euro Maintains $1.30 Level