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Falling euro against the dollar: what it means for the economy and European citizens

2020-02-14T13:05:41.204Z

FOCUS - The euro fell Thursday night to its lowest level against the greenback in three years, at 1.0844 dollars.



This beginning of the year is marked, for the euro, by a fall. The European single currency fell particularly against the dollar, losing almost 3% since January 1. On the evening of February 13, it even reached its lowest level since May 2017, at 1.0844 dollars.

Read also: Brussels maintains its growth forecasts in the euro zone for 2020 and 2021 at 1.2%

Concretely, a user of the euro who travels across the Atlantic quickly realizes that his purchases on the spot are no longer as attractive as at the beginning of the decade. Is it not said, moreover, that the euro is "weakening", such a bad omen for the member countries of the zone? However, the European Central Bank (ECB) is no stranger to this situation. By applying a policy of lowering interest rates, the Frankfurt institution is pulling the euro down ... which can be an advantage in certain sectors, but also present disadvantages. Explanations.

An exchange rate that works in favor of exporters

The fall in the euro first of all helps to restore some vigor to inflation, which only reached 1.3% last December. But above all

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Source: lefigaro

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