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Euro's devaluation to continue

The course of the European currency continues to decline, as the European Central Bank decided to re-launch the ‘printing press,’ while the FRS has decided to raise the rate.

The euro exchange rate against the dollar sank to its lowest level in 14 years – 1.0352 dollars per euro. Thus, since the beginning of September last year the European currency depreciated by 8% against the dollar.

In fact, we are talking about the devaluation of the euro against the background of the ECB, pumping money into the financial system to revive the economy of the region. Experts estimate that over the past 20 months, more than 1.1 trillion euros have been poured into the financial system in Europe.

According to analysts of ING, further devaluation of the euro is inevitable, with the summer of 2017 the euro may fall below parity with the dollar – up to 0.97 euros per dollar.

Source: rusvesna

  • January 9, 2017 4:22 PM MSK
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