1:1 with the USD.
Sentiment: Strong Sell
Since the financial crisis the Euro-zone has doubled its monetary base while we have quadrupled ours. It would appear to me that we are winning the race to the bottom. What will the prize be for first place?
I agree. But this is how Ben rigs the market.
EUR should be @ 1.35 considering than Ben Bernanke is printing non stop out of thin air and we deserve an inflation of 4% instead 2%
EURO shouldn't even exist!
I would argue it shouldn't even be at parity.
Agreed-.75-.85 where it stood in October-2000 seems more appropriate.