"Simply put, a EURUSD much lower than the current level would be very low" – DNB Markets.
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The Euro could reach parity against the Dollar, but only if the war in Ukraine escalates significantly and oil and gas supplies from Russia cease say analysts.
The predictions come as chatter of the Euro to Dollar exchange rate reaching 1.0, or going below, rises in the wake of the pair’s rapid decline below 1.10 amidst the fallout caused by the war in Ukraine.The exchange rate fell to 1.0806 on Monday March 08 amidst another bout of investor nerves linked to the war, however the single currency has clawed back some lost ground by the time of writing on Tuesday."The USD continues to benefit from deteriorating risk appetite and investors’ search for ‘safe havens’. Since risk sentiment started to decline in earnest amid the escalation of the situation in Ukraine, […]
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Euro / Dollar Parity: Still Unlikely, But Not Impossible say Analysts
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Euro / Dollar Parity: Still Unlikely, But Not Impossible say Analysts
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Euro / Dollar Parity: Still Unlikely, But Not Impossible say Analysts
Euro / Dollar Parity: Still Unlikely, But Not Impossible say Analysts