Sunday September 20, 2020

Year of living dangerously on the currency markets

The effects of the ECB’s quantitative easing programme may drive Europe’s currency even lower

22nd March, 2015
2
Protesters make their voices heard outside the ECB's HQ in Frankfurt

While the euro may have bounced back against the dollar earlier last week, experts predict it could soon hit parity. Driven largely by the European Central Bank’s quantitative easing programme it may even go lower than that.

According to Rod McAuliffe, a foreign exchange specialist at Goodbody Stockbrokers, while the euro may have spiked to above $1.10 last week, this was primarily due to a reaction to the US Federal Reserve’s downgrade in...

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