The euro reached new lows last night versus the US dollar and is now at its weakest point since January this year. Forex analysts and speculators are apparently concerned about the possibility of the de-facto bankrupt Greece to receive the next tranche of financial aid from its international creditors.
The EUR/USD forex pair is trading at around 1.3195 - 1.3200 at the moment of writing this piece.
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It is amazing how quickly things change. Months ago the Euro was trading at yearly highs and near all time highs and people would not even accept dollars because they were afraid they would become worthless. Now look. The Greece default is causing this to play out just as in this eur/usd forecast that predicted this dollar strength would come from future economic troubles.
Now, there is also worry about the British pound is not looking good. Any insight into that?
This is the current topic for the people of Dubai. Euro (European currency) become so more little average and I think we should save this currency. This issue is related with financial marketing. It is very affected on the field of business. So I think we should stop this problem.