Mexican Media Brands
Euro Sinks to Near Parity with U.S. Dollar
The euro has weakened against the American dollar from $1.40 last spring to a 12-year-low of about $1.09 today.
#economics
Share
The euro has weakened against the American dollar from $1.40 last spring to a 12-year-low of about $1.09 today. Some economists predict the regional currency will fall below parity within months.
Analyst attribute the nearly year-long slide to the widening gap between economic growth in the U.S. and Europe. Last year America's gross domestic product expanded 2.4% compared with 1.3% for the EU-28.
The euro has approached or dropped below parity with the dollar only a few times since its launch in 1999. The currency reached an all-time high of $1.60 in 2008.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.