Friday, January 2, 2015

Weakest euro to the dollar in 4 years – Polish Radio

Weakest euro to the dollar in 4 years – Polish Radio


  After suggestions Draghi, the value of the euro fell by seven tenths of a percent per dollar paid a little more than one euro and twenty cents. photo: Glow Images / East News
 

According to observers, a consequence of suggestions head of the European Central Bank, which announced that it will be possible to so-called quantitative easing, or – as they say more direct economists – reprint of money.

About the possibility of the bank’s chairman said Mario Draghi in an interview with the German newspaper “Handelsblatt”.

The objective of this pumping money into the banking system is halting the decline in prices and stimulate the economy.

After suggestions Draghi, the value of the euro fell by seven-tenths percent per dollar paid a little more than one euro and twenty cents.

The head of the European Central Bank interest rates will remain low

But, says the head of the IAR Association of Polish Economists, Ryszard Petru, quantitative easing is a solution in the short term. – Weaker euro is little prospect of a more competitive exports. Remember, however, that no country in the long run it is not able to build their competitiveness on a weak currency – economist says.

“The dollar most beautiful parade of ugly,” or among the G10 currencies

ZR . Bloomberg / x-news

At the same time oil became cheaper again. Today in Europe per barrel paid less than $ 57 is least for more than five years.

IAR, jk

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