The Euro Falls Closer to USD
01 mins 13 secs
The Euro fell to its lowest exchange against the U.S. dollar since 2002, landing at $1.0283 EUR/USD on July 5th. Continued concerns about economic slow down in Europe is driving the currency to loose value, a trend that Nomura forecasts will continue until the currencies reach parity, as asset managers look for safe havens outside the continent.
For further information about Asset TV please contact:
570 Lexington Avenue, 20th floor New York, NY 10022 Office: +1 212 661 4111 [email protected]