The euro fell to low of the year 7 months or up to 16.2% depreciation rate.

<P> Euro against the dollar hit on Friday following a seven month low of $ 1.3863, the 1 st Asian market, the euro against the dollar to continue to test a low, hovering around $ 1.3860 and the 7-month low near. .</ P> <P> Recently, the euro zone debt crisis came frequently, making the central banks and market participants are held on a more negative attitude towards the euro. .The data from the central banks can be seen, the euro continued to fall with the recent holdings of the euro foreign exchange reserves, central banks have the factors that can not get away. .After the outbreak of the global financial crisis, the euro was once regarded as the next reserve currency, but if things go on, the euro replace the dollar as the main reserve currency in hopes of moving towards "broken." .</ P> <P> statistics from the Bloomberg data show that central banks in the second quarter last year, about 60 billion U.S. dollars to buy euros, a new record. .Although at the time the bid has triggered strong speculation that central banks in the choice of foreign exchange reserves will continue to shift with the withdrawal of U.S. strategy for the euro and other currencies, such as Barclays Capital, an investment institutions also once thought that the euro has replaced the more dollars there .posture. .But soon after the buying by central banks will gradually start to decrease. .</ P> <P> the third quarter of last year, central banks, only 15% of new foreign exchange reserves into euros of assets, the proportion is the lowest since early 2008. .At the same time, central banks last year, the new foreign exchange reserves in the third quarter, there are 45% of U.S. dollar assets, much higher than the previous quarter's 36%. .</ P> <P> buying by central banks to reduce the euro, has also led investors to follow the trend of euro assets to lighten up. .Last November, foreign stocks and bonds, selling over 3.9 billion euros euro securities for the first time since last July to sell super. .Oversold market usually higher than the number of securities sold under sale fundamental analysis derived from a reasonable number. .In addition, the measure of the performance of the euro zone blue-chip Dow Jones 50 Index in Europe so far this year one of the worst performing index, the index has fallen this year to about 9.4%, a decrease of about U.S. S & P 500 Index 2 times. .Also there is news that the local investors in Europe are also to remit funds abroad to buy securities in other regions. .</ P> <P> selling by central banks in addition to experience, the Greek debt crisis has made investors gradually lost confidence in the European market, the euro continued to sell-off of assets. .November 25 last year hit a 14-month high of 1.5144, the euro has depreciated against the dollar of about 8.4%. .</ P> <P> analysts VTB Capital analyst Neil McKinnon 1, said in an interview, the market will remain shrouded in the haze of sovereign default risk, this wave of credit crisis by the Greek .induced selling will not disappear soon, the euro will be further devalued. .He also predicted that the euro depreciated against the dollar to $ 1.20 the lowest possible, but he did not give a clear timetable. .</ P> <P> this analysis by Bloomberg, said that if the euro this year, McKinnon predicted to close at the level of annual depreciation rate of the euro will be as high as 16.2%, this will be the euro since 1999, the biggest annual decline since. .</ P>.