Euro expected to stay weak

The euro is expected to remain weak against the dollar, as the US economy continues its recovery.

America may be on Thanksgiving holiday at the moment, but the country already has much to be grateful for, as the greenback has performed well against the other major currencies in the world - giving investors extra spending power in property markets such as Spain, France, Italy and Portugal.

Further quantitative easing measures have been expected for some time, as the European Central Bank seeks to stimulate growth once more. Indeed, the anticipation of further dollar growth and additional EU measures now appear to be priced into the currency's value, experts tell Reuters, with the euro dipping below $1.06 twice in the last week and not much expected to change the trend going forward.