Euro sunk to weakest level in 11 years against Dollar - 1 Euro is 1,1495 Dollar. ++++ Uncle Sam is laughing when its EU vassal states are blindly obeying the sanctions against Russia and the slaughter of the European economy...Russia will remain mostly untouched with its $ 400 Billion currency reserve, and the new Chinese and BRICS trade and support... USA will not be hurt by the sanctions, because EU has 15 times more trade with Russia than USA. USA will benefit. Sanctions hurt EU, but not much Russia, which has open new trade with China and all the BRICS-countries. The aim of the Banksters, Wall Street and Uncle Sam is to destroy Europe, once again, to gain control through war and U.S. corporate power and by trying to push for the transatlantic trade agreement TTIP with EU, which finally will kill EU-economy, The euro has extended its losses against other world currencies since Thursday when the Swiss National Bank abandoned its 1,2 francs to the euro limit, introduced in 2011. Right after the unexpected decision was announced the euro tumbled 30% against the Swiss franc, and dropped to a fresh eleven-year low against the dollar to $1.1580. The Swiss Central Bank explained the euro cap abandonment by growing diversity in monetary policy pursued by the countries with key global currencies. As a result, the euro took a substantial tumble against the dollars, which in its turn caused the dollar gaining grounds against the Swiss franc.
Posted on: Sat, 17 Jan 2015 00:17:00 +0000
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