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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.