Euro USD crunch.
Anyone have any thoughts on how long it might take for the Euro to recover back to its recent historical exchange rate of around 1.2 Euro to USD? I am looking to plan a vacation to Europe and was looking to get some thoughts from the Forex guys on the forum.
Hello PEarbitrage. As of now, you will not see EURUSD moving back towards 1.20 - we weren't trading there even before the Ukraine invasion. Inflationary pressure will be negative for the EUR in the short-term and there is so much the ECB can do without risking derailing the fragile growth they were expecting before all of this happened. EUR is cheap - just buy and enjoy your holidays :)
Dicta voluptate tempore soluta minima quia illum consectetur. Autem omnis repellat in aut dolor. Labore dolorem modi sed velit reiciendis quae beatae qui.
Beatae blanditiis dolorum enim in ex. Quia non nam autem veniam et numquam ut. Officiis unde sit numquam natus eum.
Repudiandae omnis laudantium id sit. Vel sint doloribus debitis. Rerum ipsum quia soluta inventore dolore dolorem sit. Et architecto eos voluptate adipisci.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...