Saturday March 28, 2020

Euro: down but not out

The euro is at its lowest point in over ten years, to near-parity with the dollar. Could a weak euro be the new normal – and if so, who benefits?

Barry J Whyte

Chief Feature Writer

@whytebarry
14th March, 2015

A year ago, the euro was trading at nearly €1.40 per dollar. Last week, it collapsed to its lowest point in more than a decade, at just over €1.05 against the dollar.

Driven largely by the European Central Bank’s quantitative easing programme, experts expect it could soon hit parity, and maybe even go lower than that.

But what’s driving it, and what does it mean for the companies on the Irish Stock Exchange?...

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