Falling euro bodes well for Jordan’s foreign trade, finances: Pundits | Business

Ammon News – Economists believe that the depreciation of the euro against the US dollar will benefit Jordan’s economy and finances by lowering the trade deficit with European Union countries and bolstering foreign exchange reserves.

They also stated that a cheaper euro meant cheaper imports from the EU, as well as a lower cost of servicing the kingdom’s non-US dollar loans, as reported by Petra.

In the first three months of this year, trade…