EURUSD Currency Pair Falling Faster Than a Meteorite

The EUR/USD             Currency pair will continue to fall. Why will t his happen? There are several factors directly responsible for the rapid decline of the Euro             . The first one is interest rates. Bond investors invest their money in countries that have rising interest rates, such as the U.S.(2.25%). On the other hand, bond investors withdraw their money and investments from countries with low interest rates, such as the Euro             Zone (0%).
Another reason for the rapid decline in value of the Euro             is GDP. Euro             Zone second quarter GDP growth edged down to 2.1% from first quarter GDP readings of 2.4%. More technical factors explaining the recent decline of the EUR-USD             currency pair are discussed here.