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The decline of the euro is likely to draw near with dollar
3/11/15
The euro slipped yesterday, under the barrier of $ 1.08 for the first time in about 12 years, after a wave of US currency shed light on the rise of the trend towards parity 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 because of excessive monetary easing policy 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 in the euro zone inflation and deflation in the last month by 0.6 percent.
In exchange for the US economy recorded strong growth and the data suggest that 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 anticipate the descent of the euro to $ 1.08 six months ago.
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