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Fears that the euro would be a "soft" currency have proved unfounded.
Xerox cited soft currency exchange rates and the rapid weakening of Russian and eastern European economies.
That would surely mean that the euro ends up as a soft currency and possibly an unstable one.
It doesn't add up Trading favours Burnt out All together now Soft currency ReprintsWhat has prompted this change of heart?
After years of being ridiculed as a soft currency, the French franc is increasingly being viewed as a hard one.
Many worry that the euro will turn into a soft currency area with high inflation rather like Mr Draghi's native Italy in the days of the lira.
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Guyer, J. J. Soft currencies, cash economies, new monies: past and present.
Historically, countries have moved from having "soft" currencies to "hard" (international traded) currencies after running current account surpluses for a significant period, and hence emerging as creditor countries.
Even a lately chastened market pitches the exchange of hard and soft currencies — cash and symbolic capital — at levels beyond the reach of nearly every public institution.
In its most recent quarter, DuPont said that soft currencies overseas, particularly in Europe and Asia, had dragged down its sales 2percentt worldwide, ultimately costing it $35 million in net income.
The excess return tells you that the monetary authorities who preside over soft currencies pay for all their sins, and then some.
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