25.
05.18
16:08

Euro continues to slide

The euro continued to lose value against the US dollar over the past week. The background for the fall of the euro is the worsening economic data for the eurozone and the formation of governments in Italy, which raises concerns about a resurgent debt crisis and thus makes confidence in the single currency crumble. The weak euro exchange rate improves the competitiveness of EU exports as well as that of wheat. Text: HANSA Derivatives Trading GmbH / Graphic: Saxo-Trader

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