The euro touched its highest level against the dollar in over a month on Monday, as the exchange rate temporarily climbed above $1.24. Yet we doubt it will be long before Europe’s single currency comes under renewed fire. We continue to expect the exchange rate to drop to parity by the end of next year, before staging a small rebound to $1.10 by the end of 2014.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services