Stillness in the Storm

An Agent for Consciousness Evolution

Euro spirals toward 1:1 parity with USD

By Leave a Comment

Spread the love

Source – RT News

The euro and the dollar are nearly trading one for one, as the EU single currency continues to fall to new depths after the announcement of the ECB’s quantitative easing, the €1.1 trillion bond-buying program launched Monday.

In early trading Tuesday, the euro lost more than 1 percent against the dollar to $1.0586, its lowest since March 2003.

At the time of publication, $1 buys €1.06, whereas a year ago it bought 1.36, a more than 30 percent fall in value.

The euro has been on a steep decline since the European Central Bank announced its loose monetary policy in December. Since the start of 2015, it has lost more than 14 percent.

Source: European Central Bank “It’s the euro versus everything,” Stephen Gallo, European head of FX strategy at BMO Capital Markets in London, told Reuters.

Against the pound, the euro dropped 1.15 percent, with one euro now buying only 70.18 pence, the weakest since November 2007.

“The way these moves look is if it’s not just speculators piling into euro shorts, it’s actually a net flow of capital out of the euro,”Gallo said.

Other factors affecting the euro which is used by 19 countries, is the looming possibility Greece may again fall into a sovereign debt crisis and possibly leave the eurozone, which would send the currency sinking even further. ECB officials, along with IMF and European Commission, visit Athens Wednesday to discuss terms of abailout extension.

Another stressor is the resurgence of the green back after it underwent its own quantitative easing from 2008-2014.

Falling oil prices also contribute to deflation, or lower prices, across Europe.

The European Central Bank launched its €1.1 trillion bond-buying program on Monday. The program will pump new money into the economy via central banks buying sovereign bonds in order to jumpstart the EU economy and steer clear of deflation.

Inflation is hovering close to zero and nowhere near the ECB’s 2 percent target.

_________



Source:



Notices and Disclaimers

We need $2000 per month to pay our costs. Help us one time or recurring. (DONATE HERE)

To sign up for RSS updates, paste this link (https://stillnessinthestorm.com/feed/) into the search field of your preferred RSS Reader or Service (such as Feedly or gReader).

Subscribe to Stillness in the Storm Newsletter

“It is the mark of an educated mind to be able to entertain a thought without accepting it.” – Aristotle

This website is supported by readers like you.

If you find our work of value, consider making a donation. 

Stillness in the Storm DISCLAIMER: All articles, videos, statements, claims, views and opinions that appear anywhere on this site, whether stated as theories or absolute facts, are always presented by Stillness in the Storm as unverified—and should be personally fact checked and discerned by you, the reader. Any opinions or statements herein presented are not necessarily promoted, endorsed, or agreed to by Stillness, those who work with Stillness, or those who read Stillness. Any belief or conclusion gleaned from content on this site is solely the responsibility of you the reader to substantiate, fact check, and no harm comes to you or those around you. And any actions taken by those who read material on this site is solely the responsibility of the acting party. You are encouraged to think carefully and do your own research. Nothing on this site is meant to be believed without question or personal appraisal.

Content Disclaimer: All content on this site marked with “source – [enter website name and url]” is not owned by Stillness in the Storm. All content on this site that is not originally written, created, or posted as original, is owned by the original content creators, who retain exclusive jurisdiction of all intellectual property rights. Any copyrighted material on this site was shared in good faith, under fair use or creative commons. Any request to remove copyrighted material will be honored, provided proof of ownership is rendered. Send takedown requests to [email protected].

What is our mission? Why do we post what we do?

Our mission here is to curate (share) articles and information that we feel is important for the evolution of consciousness. Most of that information is written or produced by other people and organizations, which means it does not represent our views or opinions as managing staff of Stillness in the Storm. Some of the content is written by one of our writers and is clearly marked accordingly. Just because we share a CNN story that speaks badly about the President doesn’t mean we’re promoting anti-POTUS views. We’re reporting on the fact as it was reported, and that this event is important for us to know so we can better contend with the challenges of gaining freedom and prosperity. Similarly, just because we share a pro/anti-[insert issue or topic] content, such as a pro-second amendment piece or an anti-military video doesn’t mean we endorse what is said. Again, information is shared on this site for the purpose of evolving consciousness. In our opinion, consciousness evolves through the process of accumulating knowledge of the truth and contemplating that knowledge to distill wisdom and improve life by discovering and incorporating holistic values. Thus, sharing information from many different sources, with many different perspectives is the best way to maximize evolution. What’s more, the mastery of mind and discernment doesn’t occur in a vacuum, it is much like the immune system, it needs regular exposure to new things to stay healthy and strong. If you have any questions as to our mission or methods please reach out to us at [email protected].

Reader Interactions

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.