Euro weakest currency in 2005 as ECB keeps rate low

The euro has been one of the weakest–performing currencies in the world in 2005, with one reason being the low interest rate-policy of the European Central Bank (ECB).

Financial Times Deutschland reports that when comparing the performance of 58 of the world’s main currencies, the euro only ranks at number 50.

In 2005, the EU currency slipped back not only against the dollar, the pound and the yen, but also against the Turkish lira and the Brazilian Real.

Mario Mattera, cur...