Euro on the rise?

As the summer approaches, I start to pay closer attention to the value of the Euro and its exchange rate against the dollar. As our project has grown larger, and our expenses have correspondingly risen, small changes in the Euro’s value have resulted in substantial changes to our budget. The economic problems in Greece have helped bring the Euro down, but today the eurozone agreed to a multi-billion loan package for Greece if needed. Once the news was announced, the Euro immediately jumped two cents against the dollar and closed today at $1.35 – it will be interesting to see if it continues to ride.


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