The euro sags to the lowest level in eleven years – FAZ – Frankfurter Allgemeine Zeitung

The euro sags to the lowest level in eleven years – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Euro coins are cheaper
     

 
                                           
 
 
     
     
     
         
         
                                                             

The euro fell on Friday to its lowest level in more than el even years. He recorded in London at $ 1.1460, which was the lowest level since November 11, 2003. The reason for the price decline of the European single currency is Analysts estimate that the plan of the European Central Bank to buy government bonds for the first time.

                         
         
         
                                                             
                                 

The European Central Bank is next Thursday before the historic decision. Central Bank President Mario Draghi could open on the first monetary policy meeting of central bankers this year, the floodgates quite far and to provide more liquidity to the banks. In preparation is a broad-based purchases of euro government bonds – in the jargon “quantitative easing” called (QE). Even if the Bundesbank still refuses such unconventional step, Draghi should now have a majority in the Governing Council safely.

                         
         
         
                                                                                                                                                                                                  

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The ECB wants to fight with the bond purchase low inflation. It finances the papers with a new central bank money, thus increasing the amount of money. Ideally, the fresh money trickles through the banking system in the real economy. The economy is picking characterized and inflation is rising.

                                                                             
 
  

 
 
 
                       

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Currency rates

Euro sags to lowest level in eleven years

For a € now you get less than 1.15 dollars. This is the lowest level since November 11, 2003. Basic are the plans of the European Central Bank.

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