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The euro drops to a 7-week low


LONDON-SANA, The euro fell to its lowest level in seven weeks today, with concerns that policymakers are in the


The euro fell to a seven-week low today, with fears that policymakers at the European Central Bank will maintain a loose monetary policy in the near future.

Reuters reported that the euro is heading towards the worst start of the year in five years, as it fell 1.5 percent this month and is trading at its lowest levels since the second of December at $ 1,031.1.

A survey showed that corporate activity in the eurozone remained weak at the beginning of the year, a day after European Central Bank policy makers kept their policies unchanged and upheld their pledge to continue buying bonds and reduce interest rates if necessary so that inflation in the eurozone head again to the goal they set for it .

The dollar index rose 0.2 percent to 97.87 and is heading towards achieving gains for the third week in a row.

The Australian dollar was trading at $ 6,046,46 to erase the gains it made after a strong job report the previous day and is heading towards incurring losses for the fourth consecutive week.

Source: sena

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