The euro continues to lose value against the US dollar. The pair is at its lowest level in 13 months. In the current situation, the currency is being held back by several factors, including economic difficulties in Europe and political instability.

The euro's Decline

The euro has been declining for seven of the last eight weeks and is currently testing a significant low near $1.0450. Economists note that in the near future there are no positive factors for the euro that could contribute to its growth. This fact adds uncertainty for investors.