The euro level is in dollar terms, but in any case, as previously discussed, the chart shows that there was an exit from the euro when the ECB initiated its aggressive interest rate and QE policies. And the way I see it it was that selling that weakened the euro, not anything ‘fundamental’:

Rail Week Ending 30 April 2016: Rail Contracted 11.8 Percent From Same Month One Year Ago

Week 17 of 2016 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. All rolling averages moved deeper into contraction.


Negative Interest Rates: A Tax in Sheep’s Clothing

The Development Bank has been stepping up its ‘off balance sheet deficit spending’: