Countries within the eurozone could see their currency decline even further within the coming days, according to expert.

Recent weeks have seen the euro deflate in value following debt problems in some of the single currency member states of the European Union. The Wall Street Journal reports that the euro has fallen by 4.6 per cent against the dollar so far this year.

It is thought that the state of the euro at present is causing investors to look to more stable currencies in the marketplace and creating issues for the European Central Bank.

Jeremy Stretch, senior currency strategist at Rabobank International in London, said that problems are being caused by the differing economic situations among eurozone countries.

"We’ve seen a two-speed euro zone with economic and fiscal divergence being ever more evident between the core members of the euro zone and those in the periphery," he explained.

The eurozone is also currently experiencing problems with unemployment, which increased to ten per cent in December 2009.

Posted by Jamie Musk.