Shared currency down to 11-month low

Source: WBP Online
© Scanpix/Reuters
The Euro zone's currency is down to the 11-month low after the Janet Yellen and Mario Draghi speech at the Jackson Hole Symposium last Friday. As Janet Yellen provided some ground for speculation regarding possible future U.S interest rate hike and Mario Draghi expressed concerns over slow inflation, the Euro-bulls left the shared currency at a $1.32 level. Experts are predicting small, but positive numbers on the Consumer Price Index estimates for the August scheduled this Friday. The Euro gained 0.06% to $1.3199 at the time of writing.
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