Please why is euro going down, when 'll it rise again?
Somebody explain.

Fhemmmy:

Cos Europe is having financial woes . . . Italy, Greece and others that are yet to be known . . . I even wonder how come Pounds is yet to go down

Thanks for your answer but is there hope for it rising again? Like next week?

Chisom212:

Please why is euro going down, when 'll it rise again?
Somebody explain.

European economies are in deep wahala. Lack of decisive action by their leaders is also causing the euro to depreciate. There are many factors that contributes to the depreciation of a currency like Central banks monetary policies and so on and so forth. You can read more on them and also watch financial news like Bloomberg, CNBC to get more analysis.

As for me, it is in my best interest for the Euro to continue to depreciate .

I think is going to go up nxt week.