According to the latest forex trades data the Euro continues its fall that is caused by the many low economic numbers showing nothing but serious troubles in the Eurozone economy. The numbers provided by the manufacturing and services sectors showed a real decrease in these sectors and made the recession really possible.
For instance the European services PMI decreased to its five-year level of 48.3. European manufacturing activity numbers have also decreased to 47.5. Here we should underline that both of those figures turned to be quite lower then the forecasted one.
The same trend provided also Germany. The Ifo research institute showed considerable fall of the business climate index that has reached the point of 97.5. Due to Matthew Foster-Smith at Thomson IFR the low Ifo numbers along with decreased PMI data have contributed to the further fall of the Euro. According to the last forex trades data the Euro was traded at $1.5650.
As for the USD it still grows due to prolonged fall of the oil prices and certain announcements from the Fed concerning possible increase of the interest rates.
The negative trend affected not only the Euro but British pound also. It has decreased after the considerable fall of the UK retail sales. According to the office for National Statistics the volume of retail sales in the previous month decreased by the 3.9 percent. However the Thomson Financial News forecasted only 3 percent fall. Therefore the British pound now is traded at $1.9830.