Home » The foreign exchange trap for the ECB: why Frankfurt must move with caution on rates

The foreign exchange trap for the ECB: why Frankfurt must move with caution on rates

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The foreign exchange trap for the ECB: why Frankfurt must move with caution on rates

Among all the troubles lurking, we also lacked the gearbox. Now, 1.04 dollars are enough to buy one euro. Basically, they are almost even. Indeed, many in the markets are betting that we will actually reach parity before Christmas. Not quite a U-turn, but a nice turn nonetheless. In recent years, euro prices have usually fluctuated between 1.10 and 1.20 dollars.

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