mardi 13 janvier 2015
One U.S. dollar could soon equal one euro
Posted on 12:37 by nice news
The U.S. dollar is looking pretty mighty these days.
Thanks to the resurgent American economy, the greenback has strengthened significantly in recent months against almost every other currency. That's especially true compared with the euro, which is getting slammed by gloomy growth in the eurozone.
Now Goldman Sachs (GS) believes the U.S. dollar will catch up to the euro and the two currencies will be about equal by the end of next year.
That's a dramatic turnaround considering €1 bought you $1.60 back in July 2008. The two currencies haven't been equal since late 2002. Currently €1 fetches $1.18 in the international markets -- a much better rate for any American traveling to Europe.
"It's a combination of good things here and bad things there," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.
Thanks to the resurgent American economy, the greenback has strengthened significantly in recent months against almost every other currency. That's especially true compared with the euro, which is getting slammed by gloomy growth in the eurozone.
Now Goldman Sachs (GS) believes the U.S. dollar will catch up to the euro and the two currencies will be about equal by the end of next year.
That's a dramatic turnaround considering €1 bought you $1.60 back in July 2008. The two currencies haven't been equal since late 2002. Currently €1 fetches $1.18 in the international markets -- a much better rate for any American traveling to Europe.
"It's a combination of good things here and bad things there," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.
One U.S. dollar could soon equal one euro
Categories: One U.S. dollar could soon equal one euro
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