33603
Euro Declines
World Economy

Euro Declines

The euro declined against the dollar as investors awaited data on inflation in the 19-nation currency bloc, Bloomberg reported. While economists forecast the report will show eurozone inflation quickened to 0.3% in December, data showed consumer-price growth in Germany, the region’s largest nation, unexpectedly slowed last month. The euro dropped 0.4% to $1.08 London time. It touched $1.07 on Monday, the lowest level since Dec. 3. The eurozone’s embattled currency will soon be worth less than the US dollar for the first time in more than 13 years, analysts at Bank of America Merrill Lynch have predicted. It will fall to $0.95 by the end of the year, tumbling from $1.08 now, analysts said Tuesday.

Short URL : http://goo.gl/6lGLJH
  1. http://goo.gl/QDPNKU
  • http://goo.gl/041eOD
  • http://goo.gl/UdPqtS
  • http://goo.gl/4E0ZLb
  • http://goo.gl/gvTFx0

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Trending

Googleplus