Many US financial institutions expect the euro to see a strong rise against the dollar this year.
Why is this important?
The single European currency has fallen on hard times over the past year. The euro briefly fell below parity with the dollar, but now the tide appears to be turning.in the news: Since the end of October 2022, the euro has once again returned to a higher level than the dollar. For 1 euro you currently get 1.08 dollars. Many financial institutions in the US are convinced that the euro’s rise is just beginning. This was reported by the press agency bloomberg.
- Strategists at Deutsche Bank and Morgan Stanley expect the euro to rise further to 1.15 USD.
- Nomura International’s strategy planners do not exclude that Co
This premium article is exclusive to subscribers
Become a subscriber and immediately get unlimited access to all articles. from now on 1.99 euros per month.
Already subscribed? Log in and access all featured articles.
