Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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The euro is going to parity with the dollar whether Le Pen wins or not

The concern in Europe is that the value of the euro is going to decrease regardless of the outcome of the French election. Because of the higher interest rates in the United States, the value of the U.S dollar will continue to grow overtime while the euro will not. After Donald Trump won the United States election, many experts predicted that there would be parity between the dollar and euro in a short period of time. The euro is currently worth $1.06.

Key Takeaways:

  • prior to the French election, the euro was presumed to be about to rise, just a bit, presuming a Le Pen loss.
  • Unfortunately, this was also predicted to be a short-lived scenario, according to the money management arm of Deutsche Bank.
  • An escalating differential between interest rates, on both sides of the Atlantic, is pushing the two currencies, to the ultimate detriment of the euro.

“However, the key takeaway is simple; the euro is headed to parity with the dollar.”

Read more: https://flipboard.com/@flipboard/flip.it/Wnw13x-the-euro-is-going-to-parity-with-the-do/f-6b35ba9517/businessinsider.com

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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