Why has the euro fallen to $1 and what does it mean for the rupee? The euro's decline in value relative to the dollar indicates that investors are shifting funds away from the Eurozone and toward the US.
The euro and the US dollar were equal on Tuesday. In other words, the value of the exchange rate changed so that one euro equaled one dollar. Only twice since 2002 has the euro dropped to this level against the dollar (see chart below). The euro's decline in value relative to the dollar ...
