On 31 May, the U.S. dollar (USD) traded at 1.24 per euro (EUR), having gained 6.4% compared to the end of the previous month. As a result, the EUR has now weakened an accumulated 4.5% versus the USD on a year-to date basis. At its current level, the EUR is trading 13.8% lower than in the same month last year and is at its lowest level in almost two years. The euro weakened this month amid continued uncertainty regarding the evolution of the debt crisis in the Euro area peripheral countries, in particular in Spain and Greece ahead of the parliamentary elections scheduled for 17 June and the possibility of a Greek exit from the Eurozone if the parties opposed to the terms of the bailout achieve a majority in parliament. Currently, Consensus Forecast panellists.
Eurozone Exchange Rate
Euro drops to its lowest level in almost two years
June 1, 2012
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Eurozone Economic News
October 24, 2016
Recent data suggest that business activity in the Euro area picked up momentum at the start of Q4.
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.