Post
Topic
Board Economics
Re: EUR might drop below USD
by
uki
on 22/02/2015, 20:32:58 UTC

Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.
Definitely the direction of the move is towards the parity (1:1), however I am not sure if we see it in 2015.
It seems now that Greece bought some time, so we may see a rebound in the main pair.
Also the situation in the Ukraine seems to stabilise a bit, if I can use such a statement, meaning the dollar has less news on which it can gain in price.
All and all, we may see below 1.10 this year, but don't think we will go to 1.00.