Euro gaining ground against dollar: Italian expert

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Euro gaining ground against dollar: Italian expert

STORY: Euro gaining ground against dollar: Italian expert DATELINE: Nov. 12, 2022 LENGTH: 00:01:37 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Europe 2. SOUNDBITE (English): ANTONIO MAJOCCHI, Professor, Department of business and management, LUISS University, Rome 3. various of Europe 4. various of euros and U.S. dollars STORYLINE: A leading Italian expert said that bargain hunting is helping drive the euro's recent surges against the U.S. dollar, though the dollar has structural advantages that are likely to keep it from losing too much ground. Recent surges of the euro have put it back on top. In late New York trading on Friday, the euro increased to 1.0366 U.S. dollars from 1.0183 dollars in the previous session. SOUNDBITE (English): ANTONIO MAJOCCHI, Professor, Department of business and management, LUISS University, Rome "Some fundamentals in Europe remain stronger than before, when the currency is becoming too weak, when it's convenient to buy again in euros, so you have a spike, and

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