Euro Scores Lowest 2014 Value Against U.S. Dollar
- Written by Maria Athens
One euro currently equals 1.31 U.S. dollars, marking the lowest rate in almost a year.
The dollar has gained its highest value against the euro since July 2013. The European Central Bank has scheduled a policy meeting for Thursday. Previously, President Mario Draghi has stated that he would administer "all the available instruments" to fend off deflation during August's U.S. Federal Reserve Conference.
The dollar has made additional strides, including its 0.5% gain regarding sterling and 0.7% gain regarding the yen. London's Rabobank senior currency strategist Jane Foley described, "This (the euro's trough) is not just about the ECB. Part of this is a dollar story – the dollar has outperformed a whole bunch (of developed world currencies)", as reported by Reuters.
Related items
-
ECB welcomes positive economic developments in Greece in 2019
-
ECB warns eurozone may need 1.5 trillion euros to tackle covid-19 economic crisis
-
Mitsotakis to meet ECB chief Lagarde
-
ECB's new President Lagarde satisfied with Greece' economic performance
-
Increased readiness by the ECB for Turkey - The risks to Greece