Will we see parity again?
The U.S. dollar will tighten its stranglehold over global currency markets with little standing in the way of its remarkable run, and a significant number of foreign exchange forecasters polled by Reuters expect it to rise to parity with the euro in 2025.
The greenback (.DXY), opens new tab surged over 7% against a basket of major currencies last year, falling just shy of an 8% gain in 2022 - a seven-year high - and driving the euro to the brink of dollar-parity and an over two-year low of $1.02 on Jan. 2.
The euro has been dragged lower by fears that the bloc's export-orientated economies will be hit by US trade tariffs and expectations the European Central Bank will cut interest rates more aggressively than the Federal Reserve.
Technically, I think we might have still pending wave C, to complete ABC of wave Y.
The greenback (.DXY), opens new tab surged over 7% against a basket of major currencies last year, falling just shy of an 8% gain in 2022 - a seven-year high - and driving the euro to the brink of dollar-parity and an over two-year low of $1.02 on Jan. 2.
The euro has been dragged lower by fears that the bloc's export-orientated economies will be hit by US trade tariffs and expectations the European Central Bank will cut interest rates more aggressively than the Federal Reserve.
Technically, I think we might have still pending wave C, to complete ABC of wave Y.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.