Recently the confidence of businesses in Germany has hit a five year low. This among the imminent recession in Germany. The euro itself has hit a low of $1.25 us to buy one euro.
As I live in Germany currently, I find that the Euro exchange can be good and bad. Since I write these websites I earn dollars which is good, but on the opposite side, I earn Euros working here which is also unfortunate when I have to exchange the currency the other way around.
With the lowering in confidence in Germany it may make times here even tougher with less investment leading to less money in the economy…
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