Today, Euro has further weakened against the US Dollar. I was reading an article where the author mentioned that Euro has fallen to a [past] four years lowest level.
Why is Euro down?
European Countries Dept issues seems to be the main concern of investors who are selling Euros and are investing their money in other opportunities like Gold, Stocks etc.
Investors are still concerned about the entire financial situation that they are seeing in the Europe.
I don’t remember to have seen Euro this low against the dollar.
Current Rate:
EUR/US-Dollar : 1.191
So what do you think? Is this a good time to invest your money in Euro?
I personally am confused: the rate is too low and I do want to buy this currency: but then when I look at the past few weeks, I see unresolved dept issues and continuous fear of investors when it comes to investing their money in Euro.
Like I always say, forex business is very risky investment. You never know when and if the currency value will decrease or increase.
Anyway, search for latest news from the European countries: do some research and then decide if you should invest your money in Euro.
In Pakistan, Euro has reached a level around Rs. 101. This is pretty low price and one may find it an interesting investing opportunity.
