Relevant:
- Fed effect smashes euro to 14-year low as dollar soars
- Euro drops to lowest level in almost 9 years on ECB-easing talk
- Euro Resurgence and QE Wind-down, US Political Dysfunction Weigh on Dollar
- Investors Preparting for Collapse of the Euro
- Dollar Hits Fresh Highs Against Euro and Yuan (ON RATE HIKE BELIEFS; DOVISHNESS ABROAD)
2016-12-17 — cnbc.com
Divergence in monetary policy between the United States and Europe will bring parity between the value of the euro and dollar, according to ING Group. On Thursday the euro hit a low of 1.0364 against the dollar, the lowest level since August 2003 when it traded as low as 1.0357.
...
Dollar strength is the key driver as investors believe the Federal Reserve will adopt a higher rate rise path in 2017 as the U.S. economy gathers momentum.
Conversely, the European Central Bank (ECB) has just announced it will inject a further 540 billion euros of QE (quantitative easing) stimulus in to the stuttering EU economy.
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