Tag Archives: EURUSD parity
Today the Euro has strengthened against most currencies as the markets swing back from the large losses seen over the last few weeks. Clients changing euros may like to take advantage now as in my option I think the Euro will continue to weaken.
Some leading economists now think that EURUSD could reach parity this year as many think it is becoming more and more likely that the Euro will break down in the coming 5 years. And you can understand why, with more and more countries traditionally seen as safe falling into despair. The stark figures showing that over 65% of loans to countries within the euro are provided by other states, this in my option is one of the largest reasons why I think the debt illness is likely to spread further.
If you currently have Euro’s that you are looking to move to another currency to protect your exposure, feel free to get in contact for further, more detailed information on your particular position.