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The U.S dollar against the Euro

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Is there a danger against the U.S dollar. That is unlikely because the euro zone is facing a weak economy and a spreading debt crisis. This fact should prevent the European Central Bank to raise interest rates in the near future.

The euro zone debt crisis has really reached its periphery. The legislators in the U.S agreed on a budget deal on Tuesday, that a default by the world`s largest economy would be avoided. Otherwise, it could have had a dire result for the global growth.

How are the dollar and the euro doing?

On Friday the U.S dollar fell against the euro stronger than expected.
But the euro recovered from a three week low of 1.4o55 Eur. It was last at 1.4196, up 0.6 percent on the day.
So we can just wait for better news, but nothing will change overnight to this disturbing economic debt crisis situation.

Latest Euro Foreign Exchange Rates

One UK pound sterling exchange 1.15000 per euro at 09:28 GMT today, while one pound will buy 1.62870 US dollars.