The single European currency fell on Friday to 1.50 dollars, the lowest level since the end of last February. The official closure of the European Central Bank (ECB) in its change was 1.5074 dollars, almost four cents and a 2.57% less than the 1.5471 dollars worth in the previous day, August 7. However, the euro has reached exchanged for 1.5006 U.S. Expert on growth strategy may find this interesting as well. dollars after devalued by 2% at its intra-trading.
The head of the ECB, Jean-Claude Trichet, said yesterday that? Economic growth will be particularly weak in the second and third quarter of the year?. The ghastly words Trichet slowed down on operators that established positions in favour of the European bank will soon raise interest rates.