Economy what this means for the economy and European citizens

what this means for the economy and European citizens

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FOCUS – The euro fell Thursday to its lowest level against the greenback in three years, at 1.0855 dollars.

According to its statutes, the European Central Bank does not have an exchange rate target.
According to its statutes, the European Central Bank does not have an exchange rate target. 40549466 / spaceport9 – Fotolia

This beginning of the year is marked, for the euro, by a fall. The European single currency fell particularly against the dollar, losing almost 3% since January 1. On February 13, it even reached its lowest level since May 2017 in the afternoon, at $ 1.0855.

Concretely, a user of the euro who travels across the Atlantic quickly realizes that his purchases on the spot are no longer as attractive as at the beginning of the decade. Isn’t it also said that the euro is “weakening”, a bad omen for the member countries of the zone? However, the European Central Bank (ECB) is no stranger to this situation. By applying a policy of lowering interest rates, the Frankfurt institution is pulling the euro down … which can be an advantage in certain sectors, but also present disadvantages. Explanations.

An exchange rate that works in favor of exporters

The fall in the euro first of all helps to restore some vigor to inflation, which only reached 1.3% last December. But she has

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