SHINOBI - EURUSD: The euro is down slightly today
The Euro exchange rate movement on the world market shows that the EUR/USD index is currently at 1.0902, down 0.0002 points, equivalent to 0.0183% compared to the previous session.
The Euro today fell slightly. Germany, Europe's largest economy, is being hit hard by a toxic combination of weak trade with China, a slump in the manufacturing and construction sectors, plus a heavy reliance on China. cheap fuel from Russia. "If the government does not take decisive action, Germany is likely to remain at the bottom of the growth chart in the euro area," said Ralph Solveen, economist at Commerzbank.
But some of Germany's troubles can also be traced back to tighter monetary policy. The European Central Bank (ECB) has begun a cycle of rapid and aggressive rate hikes to keep inflation in check, at one point last year in double digits, towards its 2% target. Rising interest rates have taken a heavy toll on manufacturers, while no country in the eurozone has a larger industrial sector than Germany.
The Euro today fell slightly. Germany, Europe's largest economy, is being hit hard by a toxic combination of weak trade with China, a slump in the manufacturing and construction sectors, plus a heavy reliance on China. cheap fuel from Russia. "If the government does not take decisive action, Germany is likely to remain at the bottom of the growth chart in the euro area," said Ralph Solveen, economist at Commerzbank.
But some of Germany's troubles can also be traced back to tighter monetary policy. The European Central Bank (ECB) has begun a cycle of rapid and aggressive rate hikes to keep inflation in check, at one point last year in double digits, towards its 2% target. Rising interest rates have taken a heavy toll on manufacturers, while no country in the eurozone has a larger industrial sector than Germany.
