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THE FALL OF EURO WIN RATE AT THE END OF THE YEAR BY THE NEWS OF THE GREEK ELECTIONS
The last two weeks of the year are usually calm in the currency markets, as liquidity is lower and the little news. With the Home of the year, the Euro began its retreat when the Greek Parliament failed to elect a new president and the government called a general election, with the leftist coalition, Syriza, leading the polls.
For its part, the ECB President Draghi, received the New Year with a speech in which he stated that further quantitative easing (QE) could begin as early as next Council meeting occurred on 22 January. Had predicted the collapse of the Euro tarried just before the psychological level of $ 1.20.
The fall of the Euro has dragged the other major currencies to decline against the dollar that ended setting new highs for the past five years on a trade weighted basis.
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