News Analysis: Italy's political woes weakening euro
Contributed by NAMPA / Xinhua.
By Eric J. Lyman
ROME, Oct. 12 (Xinhua) -- The value of the euro currency has been dropping compared to the U.S. dollar and other major currencies for months. Italy's political turmoil is at least partially to blame, economists said.
The euro has been in a gradual but steady decline against the dollar since March, the same month as Italy's general election. It took 1.25 U.S. dollars to buy a euro then; 1.14 U.S. dollars will buy a euro now. That's a difference of around 9 percent.