Financial expert: Euro is losing value - cause and effects on the foreign exchange market
The euro fell against the US dollar on Tuesday, reflecting weaker sentiment on European stock markets. The European Central Bank set the reference rate at $1.0890 on Monday afternoon. The weakness of the euro resulted in the dollar gaining some momentum as a reserve currency. An ECB survey also showed a further tightening of standards and conditions in the lending business for the final quarter of 2023, although this was less severe than before. Demand for bank loans continued to decline. Market Impact The euro's weakness against the US dollar may have an impact on the foreign exchange market as investors adjust their portfolios accordingly. The worse...

Financial expert: Euro is losing value - cause and effects on the foreign exchange market
Market Impact
The euro's weakness against the US dollar may have an impact on the foreign exchange market as investors adjust their portfolios accordingly. The weaker sentiment on European stock exchanges could lead to increased demand for safe-haven currencies such as the US dollar, which could lead to further strengthening of the dollar. Tightening bank lending standards could have a negative impact on lending and the economy, particularly if demand for bank loans remains declining.
According to a report by www.wallstreet-online.de,
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