Why The Euro Has Fallen To $1, What It Means For The Rupee

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 ...

Subscribe to view this content.

 
Do you have a tip or sensitive material to share with GGI? Are you a journalist, researcher or independent blogger and want to write for us? You can reach us at [email protected].