Euro maintains upward trend against US Dollar

Euro maintains upward trend against US Dollar

European currency unit Euro maintains its upward trend against US Dollar. Euro reached 1.2786 dollars in European exchange markets in the afternoon. Consequently, Euro surpassed the 1.2681 dollars record which was reported yesterday. European economy worries about the continuous appreciation of Euro against US Dollar. Analists stated that the appreciation of Euro will reduce the profit margins of exporters and this will slow down the recovery of European economy.