The common european currency fell to 1,03 dollars, which is getting closer to parity against the us currency. Since the Federal Reserve (FED) in the united States increased by a quarter-point interest rates, the euro has depreciated against the dollar by 2.5 percent. In front of the maximum level reached in march of this year -1,16 dollars – fell 11 percent.
that’s why international analysts do not rule out that the dollar overtake the euro in 2017, if one takes into account that the FED announced further hikes of interest. To the north country a currency is very strong it has a negative impact because it increases their exports and increases the trade deficit.
No comments:
Post a Comment