Euro updated at least to the dollar in one year
The Euro-dollar exchange rate fell to the lowest level since September last year amid concerns about inefficiencies in the economy of the region, informs AFP.
12. 47 GMT, the Euro had risen to 1, 3141 dollar 1, 3128 dollar the day before. However, in the bidding process, the European currency fell to 1, 3120 dollar, which was the lowest level since September last year.
GDP is the largest European economy, Germany, according to the national Bureau of statistics of the country, decreased by 0, 2% q / q and increased by 0, 8% per annum. The report noted that the German economy is losing momentum.
The index of business activity in the field of industrial production (PMI) for the Eurozone fell to its lowest in 13 months 50, 7 points. In July, the figure was 51, 8 points. An index value below 50 indicates a decline in economic activity.
" There are many reasons to continue selling the Euro. This is mainly the escalation of the situation in Ukraine, which increases the probability of the cast To stricter punishments, which increases the risk of exposure to the crisis of the Eurozone economy, " he told Reuters currency strategist at Commerzbank Lutz, Karpowitz (Lutz Karpowitz).
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