The decline of the euro is likely to draw near with dollar

The decline of the euro is likely to draw near with dollar

11-03-2015 12:24 PM

The decline of the euro is likely to draw near with dollarFree –
The euro slipped yesterday, under the barrier of $ 1.08 for the first time in about 12 years, after he brought a wave of US currency rise highlights the trend towards equal to the value of currencies, which most of the major banks were not expecting to happen before next year.
Analysts say the decline in the euro comes due to the policy easing monetary excessive by the European Central Bank began yesterday implemented, and include the purchase of government bonds to the Member States in the euro area within the program runs until September 2016 and worth 1.1 trillion euros. was also affected by a decline of inflation in the euro zone and deflation in the last month by 0.6 percent. vs. The US economy recorded strong growth and suggest the data that is the US rate hike during the current year. The major banks suggest that the equalized value of the dollar with the euro in the next year or in 2017. But even while allowing the launch of quantitative easing in the euro zone Reuters polls show that the majority did not expects the euro down to US $ 1.08 six months ago.

ahraraliraq.com