NEW YORK (TheStreet) -- Three months ago, Mario Draghi, president of the European Central Bank, set the bank on a path to lower the value of the euro. At the time, the market value of the euro was about $1.36.
The concern at that time was about the continuing disinflation of the eurozone and the possibility that the European continent was heading for a recession.
The value of the euro has dropped since then, just breaking $1.32 around Aug. 20.
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