Dollar to Euro? Today....at .98 Euro per dollar. Yeah, it hasn't been this high since December 2002.
Reasoning?
Well...the options market is hyped up and saying that parity of the Euro to the dollar (1 to 1) is a sure bet. Some are even suggesting that it's getting close to a situation where a dollar might buy 1.10 Euro in six months.
Summer 1985....the German DM was close to 3.5 to the dollar, and it was one of the wildest summers that anyone could imagine. GI's stationed in West Germany were having fantastic value on their currency, and touring half of Europe that summer. We are still a long way from that period.
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