The euro has weakened by nearly a fifth since early May, driven largely by slowing European growth and rumors of a finalized European Central Bank monetary-stimulus program. The steepest part of the drop came just before ECB president Mario Draghi announced a plan to buy €60 billion per month in euro zone assets. A weak euro makes German exports cheaper abroad, and customers are lining up to take advantage. Germany saw a record trade surplus last year, and the trend hasn’t slowed down yet.
