EURUSD Currency Pair Falling Faster Than a Meteorite
The EUR/USD Currency pair will continue to fall. Why will t his happen? There are several factors directly responsible for the rapid decline of the Euro. The first one is interest rates. Bond investors invest their money in countries that have rising interest rates, such as the U.S.(2.25%). On the other hand, bond investors withdraw their money and investments from countries with low interest rates, such as the Euro Zone (0%).
Another reason for the rapid decline in value of the Euro is GDP. Euro Zone second quarter GDP growth edged down to 2.1% from first quarter GDP readings of 2.4%. More technical factors explaining the recent decline of the EUR-USD currency pair are discussed here.
Another reason for the rapid decline in value of the Euro is GDP. Euro Zone second quarter GDP growth edged down to 2.1% from first quarter GDP readings of 2.4%. More technical factors explaining the recent decline of the EUR-USD currency pair are discussed here.
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