Saturday, August 23, 2014

Stronger dollar pushes euro’s value down, eurozone business growth slows

The euro hit its lowest against the dollar in nearly a year on Thursday, with the greenback benefiting from speculation that US interest rates will be put up by the Federal Reserve earlier than expected. The single European currency slipped below $1.33 cents – way down from the almost $1.40 it reach in May. A number of foreign exchange experts believe it will go lower.

Rotterdam, 23/08/2014-INC News

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