Exchange of the Far East region on Monday morning showed depreciation of the euro against the dollar. According to Financial Times, the European single currency, which on Friday traded at a price of $ 1.2 per unit, on Monday fell to 1, 18 dollars per euro. This is – “a historic low” of the European currency since the beginning of 2006, the newspaper writes.
According to Spiegel, the fall was mainly due to technical reasons. After the euro fell to $ 1.2 price per unit is automatically launched the mechanism of stop-loss. It is contrary to other investors gave rise to a new wave of buying and selling assets.
In addition, analysts trace a clear link between the news of a possible Greek exit from the euro zone and the euro exchange rate fluctuation.
Note that in May last year was estimated at EUR 1 1.4 dollars, but later went down the course. Most of the observers do not foresee growth in the euro against the dollar during 2015. Goldman Sachs and Morgan Stanley predict that in 2015 the euro will be at the level of $ 1.15 per unit European currency.
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