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Tuesday 17.07.2018 | Name days: Aleksejs, Aleksis

Eurozone collapse rumours declared invalid

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The rumours of the single European currency disappearance have proven to be highly exaggerated and the increase in the euro rate indicates that the investors are now far more concerned about the inflation and the economic decline in the US.

The euro’s exchange rate against the dollar continuously decreased during the first half of this year; however, since the beginning of June it has risen by 13%, which is much for the currency market, reaching the previous level that the euro rate had, before it begun to fall, reports Deutsche Welle.

Despite the drop, even at the most difficult situations the euro was able to maintain its internal stability and values that are necessary for the second important currency in the world, point out the specialists.

Since the early summer up till now, Greece, Portugal, Spain and Ireland, quite successfully, although at a high level of price, placed on the market their bonds. This certifies that the previously occurred panic has vanished.

Another possible cause for the euro stabilization is the weakening of the dollar rate. The talks about the possible re-recession in the US, as well as, the slow down of the economic growth facilitate the stabilization of the euro currency.

The investors also choose to redirect part of their assets to currency area where the possibility of profiting from the investment is more realistic.


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