The most important development you didn’t read about in anyone’s year-end or 2015 preview pieces is the precipitous fall in the value of the euro. Earlier on Monday the central European currency hit a 9-year low against the dollar. The decline, which started in the middle of 2014, has gained steam over the last two weeks and analysts are quickly revising their predictions for further drops during 2015. With a round of quantitative easing still expected from the European Central Bank and Greece once again considering the possibility of leaving the euro zone, Euro weakness is expected to continue. What […]
