The European currency is further declining versus both the dollar and the yen. Other risk-sensitive currencies have also been affected by the risk aversions, connected with the swine flu spreading and how it will affect the process of economic recovery around the world.
On Monday morning the euro fell significantly (after reaching its high on Friday around $1.3300) to $1.3093 and 126.55 against the Yen. But the Mexican peso is still the most affected currency.
Other issues, affecting the rates of the Euro against other major currencies are the events in the economy of the European countries. For example, the European Central Bank is considering lowering the interest rates below 1%, which will seriously influence the European currency.
The US Treasury, on the other hand, has issued a big amount during this week. The Pound of sterling is also decreasing in its value.
The Swiss franc has improved its positions due to the efforts of the National Swiss Bank. The Swiss Bank earlier in March promised to weaken the currency, but still hasn’t done that.
Canadian dollar is sliding lower due to risk aversion across the world markets. But compare to other currencies it is moderately keeping its positions.