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: Armando Ciccarelli, Head of Data Solutions