Euro stays weak against Yen and US Dollar

Note: This section contains information in English only.
Source: Bloomberg
As the sovereign debt crisis prevails in the Eurozone, the 17-nation currency continues to depreciate further. On Tuesday, July 10, the Euro has declined by 0.4% against the Us Dollar, reaching two-year low. Joseph Capurso, a strategist from Commonwealth Bank of Australia, claimed the Euro is expected to stay especially weak against the US Dollar and the Yen. Current trading rates are USD 1.2297 and JPY 1.2251 per EUR. Analysts expect the Eurozone to get into even deeper in recession.
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