For those who haven't noticed, in recent weeks....the dollar has gained some value. Right now....the dollar buys .95 Euro.
When you go back to the initial period (about 20 years ago)....the dollar actually bought around 1.10 Euro. Then, we went through a pretty long period where the dollar would buy somewhere between .70 to .80 Euro.
Whats causing the drift now? Different answers coming up....inflation, energy prices, weaker EU policy, etc.
Likely scenario that we'd get back to a dollar buying 1.10 Euro? I'd say it's possible as you look at the inflation business going into 2023 as well.
For those who were here in 1985, and remember the dollar buying 3.5 West German D-Marks? We are a long way from that reality.
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