Euro Falls Below $1.20

Mon 7th Jun, 2010

MUNICH. Europe's recently battered currency fell to $1.19 in Friday trading on continuing debt worries throughout the Eurozone, marking a new four-year low against the dollar and nearing its initial trading value of $1.18 set in 1999.

Against the pound, the euro slipped to £0.83 while rising slightly against the yen to ¥110. The euro's woes come as a boon to many tourists in Germany as well as German exporters, while importers worry over resulting medium- to long-term inflation.

The past decade has seen considerable fluctuation of the euro's dollar value, from a low of $0.83 in October of 2000 to a high of $1.60 in July of 2008.


Ajmat: The Russian Parallel Army Succeeding Wagner in Ukraine

Following the violent death of Yevgeny Prigozhin, the leader of the Wagner Group, two months after his failed rebellion against Vladimir Putin, the mercenary force he commanded did not dissipate. Many...

EU Concerned About Surge of Asian Products Following US Tariffs

The repercussions of the United States' trade war initiated under the Trump administration are poised to have indirect effects that are increasingly concerning for the European Union. One significant...

European Union Strengthens Trade Ties Amid U.S. Isolationism

The European Union (EU) is actively seeking to enhance its trade relationships with various global partners in response to the recent shifts in U.S. trade policy under the Trump administration. This...

Trump's Tariff Strategy Reaches Historic Levels, Impacting Global Trade

In a significant shift towards protectionism, President Donald Trump has announced a series of unprecedented tariffs that elevate the average import duties in the United States to over 20%, marking...

EU Begins Negotiations with Trump Amid Warnings of Economic Turmoil

The President of the European Commission has painted a grim picture following the recent announcement of universal tariffs by the United States, which will impose a 20% levy on goods from the European...

China Urges the U.S. to Immediately Lift Tariffs and Warns of Retaliation

On Thursday, China expressed strong opposition to the latest round of tariffs imposed by the United States, which sees an additional 34% levy on imports from the Asian giant. A spokesperson from the...

More Quick Read Articles »
German PKV Insurance

German Private Health Insurance

Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.

Hospitals

Hospital and Clinic Directory

Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.

Events

Upcoming Events

Echtzeitalter

Join us for the premiere of Echtzeitalter, a captivating theater production based on the novel by Tonio Schachinger. The story follows Till, a new student at a prestigious gymnasium, who grapples with the outdated teaching methods of his strict teacher, Dolinar. As Till navigates his elite...