In Currency Ville, the Your0 heads for a buck.
I reiterate the idea that as long as the Fed is tighter than the ECB, and especially if the Fed is removing doolahs from the world market while the ECB is still adding Your0s, this trend will continue. The idea that the Your0 is going to parity is well founded.
But why stop there? The long term measured move target by various patterns is around 0.75-0.80. Indeed, it all depends on when the ECB tightens or the Fed loosens. For anyone like me who earns in dollars, but spends in Your0s, it would seem to pay to hold on to your dollars and convert them for spending only as needed.
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