value of the euro on Friday had fallen to a minimum for more than 8 months against the dollar due to concerns that rising budget deficits hurt economic recovery in the euro zone, reported Bloomberg.

Euro completes the fall in the dollar and yen, the fourth straight week amid rising risk of state bonds in Europe and expectations of weak data on industrial production in Germany.

euro has fallen in price on Friday to $ 1.3707 from $ 1.3723 at the end of the previous session in New York. In the course of trading the euro fell to $ 1.3670 - the lowest since May last year.

course of American national currency against the yen has risen by this timeec9to 89.65 yen against 89.05 the previous day.

course the single European currency against the yen rose on Friday to 122.89 yen against 122.20 on the end of the session on Thursday.

“Budget problems will drag down the euro. Over the past few sessions, the situation worsened and spread to all asset markets,” - says currency analyst at Oversea-Chinese Banking Corp. Singapore Emmanuel Ng.

credit-default swaps in the index MarkitiTraxx Europe rebounded on Thursday to the maximum level of more than 9 weeks.

“I would prefer to stay away from the euro, the eurozone and some currencies of the developing countries of Europe” - said the representative of PIMCO Michael Gomez. The reason for this negative reaction, he also called the problem of budget deficit and national debt in the region.

As surveyed by Bloomberg forecast the economists, industrial production in Germany increased by 0,6% in December after increasing by 0,7% in November last year.

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