On 30 March, the U.S. dollar (USD) traded at 1.33 per euro (EUR), having weakened 0.4% compared to the end of the previous month. The result contrasted the 2.2% gain recorded in February. Despite the March drop, the EUR has now strengthened an accumulated 2.6% versus the USD on a year-to date basis, but, at its current level, it is still trading 6.2% lower than in the same month last year. The euro weakened amid lingering uncertainty regarding the evolution of the debt crisis in the Euro area peripheral countries. Currently, Consensus Forecast panellists.
Eurozone Exchange Rate
Euro weakens in March
April 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.