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10/21/05

Euro weakest currency in 2005 as ECB keeps rate low

EUobserver.com

"Euro weakest currency in 2005 as ECB keeps rate low
21.10.2005 - 09:45 CET | By Mark Beunderman

The euro has been one of the weakest–performing currencies in the world in 2005, with one reason being the low interest rate-policy of the European Central Bank (ECB).

Financial Times Deutschland reports that when comparing the performance of 58 of the world’s main currencies, the euro only ranks at number 50."

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