What will be the impact of euro-dollar parity?

euro-dollar parity

The euro and the U.S. dollar reached parity on Tuesday, meaning one dollar could buy one euro in the foreign exchange market. For over two decades, it took more than one U.S. dollar to purchase one euro. Just a year ago it took about 1.2 U.S. dollars to purchase one euro. Since the beginning of the year the euro has lost about 12% against the U.S. dollar and it is expected to lose more value going forward. (Read More)


Be the first to comment

Leave a Reply

Your email address will not be published.