The One Word Answer Why the Euro is at Par with the USD Right Now
And how long this parity is likely to last
As we all know, the Euro has plunged against the dollar recently, falling 17% against the USD just since last May and reaching near parity with the dollar in mid-July 2022. If we travel back fourteen years ago to July 2009, the Euro was massively stronger than the dollar at an exchange rate of 1.59:1. So why has it plunged so much? The answer for this spectacular plunge can be found in one word.
Keep reading with a 7-day free trial
Subscribe to Building Wealth With Tomii Academy to keep reading this post and get 7 days of free access to the full post archives.