Sunday September 20, 2020

Down and down the euro goes; where it stops, nobody knows

The euro is heading for parity with the dollar by the end of the year, and the fall against sterling has gathered momentum. What does all this mean for us?

Ian Guider

Markets Editor

@ianguider
22nd March, 2015
9
The mighty dollar is giving the euro a run for its money. Picture: Getty

It’s rare that the trading desks at Goldman Sachs and Paddy Power have both come to the same conclusion: the euro’s rapid descent against the dollar will continue and plunge to parity by the end of the year, a level not seen in more than a decade.

The euro’s depreciation since last September, when the European Central Bank signalled its intent to rescue the eurozone from deflation, has been swift –...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The state’s National Cyber Security Centre is constantly dealing with suspected attacks and urgently needs more resources

Michael Brennan | 6 days ago

We are far less reliant on the UK as a trading partner now than in previous decades — our focus needs to switch to the many challenges and opportunities of the future

Neale Richmond | 6 days ago

Covid-19 and an economic crisis are exacerbating the trauma of this month’s explosion, writes a Concern worker on the ground

Dom Hunt | 4 weeks ago