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