Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads125_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 8

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads120_90_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 129

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads120_60_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 250

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads120_600_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 372

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads120_240_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 493

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads160_600_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 613

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads300_600_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 721

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads250_250_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 830

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads300_100_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 942

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; ads300_250_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-ads.php on line 1054

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_video_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-video.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_posts_list has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-posts.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_login_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-login.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_google_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-google.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_widget_tabs has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-tabbed.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_flickr_photos has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-flickr.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_author_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-author.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; author_post_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-author.php on line 70

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_social_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-social.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_search has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-search.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_slider has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-slider.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; TIE_WeatherWidget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-weather.php on line 216

Deprecated: Function create_function() is deprecated in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-weather.php on line 288

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_youtube_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-youtube.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_Latest_Tweets has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-twitter.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_timeline_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-timeline.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_facebook_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-facebook.php on line 7

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_categort_posts has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-category.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_news_pic has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-news-pic.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_text_html has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-text-html.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_feedburner_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-feedburner.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_soundcloud has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-soundcloud.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_author_custom has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-author-custom.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_Author_Bio has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-custom-author.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_authors_posts has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-authors-posts.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; tie_comments_avatar has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/widgets/widget-comments-avatar.php on line 6

Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; arqam_lite_counter_widget has a deprecated constructor in /home/nitin198/public_html/wp-content/themes/MCT/framework/functions/arqam-lite.php on line 728

Deprecated: The called constructor method for WP_Widget in ads125_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads120_90_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads120_60_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads120_600_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads120_240_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads160_600_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads300_600_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads250_250_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads300_100_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in ads300_250_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_video_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_posts_list is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_login_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_google_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_widget_tabs is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_flickr_photos is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_author_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in author_post_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_social_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_search is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_slider is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in TIE_WeatherWidget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_youtube_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_Latest_Tweets is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_timeline_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_facebook_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_categort_posts is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_news_pic is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_text_html is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_feedburner_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_soundcloud is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_author_custom is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_Author_Bio is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_authors_posts is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in tie_comments_avatar is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952

Deprecated: The called constructor method for WP_Widget in arqam_lite_counter_widget is deprecated since version 4.3.0! Use __construct() instead. in /home/nitin198/public_html/wp-includes/functions.php on line 4952
Euro’s 12-year-low fall in value might cheer American Tourists
Home >> News >> Euro’s 12-year-low fall in value might cheer American Tourists

Euro’s 12-year-low fall in value might cheer American Tourists

After opening up as a costlier currency compared to the Dollar, the Euro has maintained either parity or higher than parity levels with the American currency. However, this-longer-than-a-decade record might finally break in a historical change of events when Euro falls below parity levels. This estimation does not look far-fetched and is fairly predictable in light of the several economic indicators and factors at play that favor a stronger dollar and a weaker Euro.euro-currency

By Wednesday this week, the Euro had dipped almost 24 percent of its dollar comparison value over a period of last 11 months. After staying at $1.39-a-Euro levels for most of last year, the Euro has been constantly tumbling ever since and has reached a 12 year low of $1.05. Several reasons can be explained as causes for this fall in Euro’s value.

For one, a major reason for this fall in the value of the Euro is the starting of the European Central Bank’s (ECB) government bond buying program, which is also otherwise known as ‘quantitative easing’ (QE). With this measure, the ECB will buy government bonds of different European Union (EU) constituent countries in order to sustain liquidity in EU economies.

This step was devised after several EU countries such as Greece, Spain, & Italy faced debt crises in their economies. The ECB’s QE program will see it pumping €1.14 trillion into the EU economy over the next 18 months. Investors see this program as a potential threat to their Euro holdings as the Euro is bound to lose sheen in light of increased availability.

As a result of this announcement and the subsequent latest round of ECB’s QE, currency traders reacted immediately by selling the Euro and by parking their money in currencies such as the US dollar. On the other hand, the dollar now looks very attractive as the Federal Bond Buying program has just drawn to a close and no more dollars will be pumped into the national economy. This will directly translate into lesser dollar floating in the market, thus making it dearer and consequently an attractive vehicle for investment.

This Euro slide is also not helped by other impactful realities that are favoring the US dollar. For e.g., the strong U.S. employment data figures released recently imply an economy on the upswing. This implies that central bank rates will rise as a result of a rising economy. Increased bank rates will make investors pump more money into the US banking system to gain from the higher interest rates. Because of these reasons, analysts are also not chary of predicting the fall of Euro to as low as 90 cents a pop.

About Sara Rose

She has spent the past 4 years playing the role of an IT consultant, and has now joined The Next Digit as a full time blogger. Her current profession is a result of her deep experience in computer gadgets, laptops, gaming accessories and other tech updates.

One comment

  1. This a bit of misinformation. For example in most of 2002, the price of a euro was only 80/odd cents U.S., which is hardly parity! You would do well to check the facts before writing articles like this. Very careless and lazy reportage, I would say.

Leave a Reply

Your email address will not be published. Required fields are marked *