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As US Prepares to Hike Rates, Europe to Benefit

In a high-stakes juncture for the global economy, the central banks of Europe and the United States are set to take opposing actions in December: the European Central Bank to cut rates, the Federal Reserve to raise them. For the struggling eurozone, it can't happen soon enough. The divergence between two of the biggest forces in the world economy has the effect of weakening the euro against the dollar, providing a valuable boost to economic growth in Europe at a time of...

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