mercredi 11 mars 2015
Prepare for euro-dollar parity – and fast
Posted on 04:36 by nice news
As the euro trades around a 12-year low against the dollar, analysts believe euro-dollar parity will be reached soon – and that the single currency could weaken even further.
It comes as the European Central Bank's quantitative easing (QE) program to stimulate the euro zone's lackluster economy got underway on Monday.
Expectations of the move – which will see euros flood the market -- sent the currency below $1.1000 for the first time since September 2003 on Friday. The currency has since weakened further and in early morning trade Wednesday, the euro was stuck around $1.0692.
Now analysts are questioning how long it will take for the euro to reach parity with the dollar – and potentially fall below 1:1 against the greenback.
It comes as the European Central Bank's quantitative easing (QE) program to stimulate the euro zone's lackluster economy got underway on Monday.
Expectations of the move – which will see euros flood the market -- sent the currency below $1.1000 for the first time since September 2003 on Friday. The currency has since weakened further and in early morning trade Wednesday, the euro was stuck around $1.0692.
Now analysts are questioning how long it will take for the euro to reach parity with the dollar – and potentially fall below 1:1 against the greenback.
Prepare for euro-dollar parity – and fast
Categories: Prepare for euro-dollar parity – and fast
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