15.05.2014 - Why Euro is weakening and Dollar getting stronger?
US dollar has become stronger on economic recovery expectations but also on worsening scenario in Germany and Eurozone. The Zew Indicator of Economic Sentiment fell 10.1 points to 33.1 points (historical average 24.7 points). The economic expectations for the Eurozone has also lost ground in May. The respective indicator declined by 6 points and stands at 55.2 points. The indicator for the current economic situation in the Eurozone gained 4.9 points reaching a level of minus 25.6 points. Zew Institute noted that the decline of economic expectations should be seen against the backdrop of astorng economic development in the first quarter of 2014. Already there are indications that Germany will no tbe able to maintain this fast pace of growth...............................................Full Article: Source
Print