Euro Drops to Low Against US Dollar

The Euro dropped to a low of 1.34 against the US Dollar due to the prospect of quantitative easing by the European Central Bank (“ECB”). The euro zone economies continue to struggle with news that Germany experienced negative growth last quarter. The German economy has been affected by the slowdown in the Eurozone and the economic impact of sanctions against Russia.

The S&P500 rose to a record high this week and broke the 2,000 barrier as confidence in the US recovery increases.