As it was informed by "Market Leader (US)"
Euro keeps declining: consequences and solutions
The common Euro currency has been declining in value for a week. On May 11th EURUSD seemed to show positive dynamics but it is too early to consider any recovery of the common currency. What are the reasons for such a decline? What may it end up with?
May’s fluctuations of the Euro exchange rate.
1. Since the beginning of May the currency rate has been declining by 2.7% on average.
2. The downtrend started on May 5th: on that day EURUSD went down from 1,4897 to 1,4509.
3. On May 11th the common currency continued declining (from 1,4365 down to 1,4247).
4. On May 12th, despite all the forecasts, EURUSD reached new record lows (1,4130).
5. Consequently, since May 5th EUR has lost 4% of its value against USD.
What are the reasons for such a downtrend?