Eurozone Exchange Rate

Eurozone

Eurozone: Euro weakens in March

April 1, 2012

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.


Author:, Head of Data Solutions

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