Will the euro continue to weaken
It is very likely that in the next year the euro will reach parity with the dollar (the level of $1.05 in the most pessimistic forecast), experts polled by Vedomosti believe. This is primarily due to the dynamics of debt markets in Europe and expectations of higher rates in the United States, explains the chief economist of the rating agency Expert RA Anton Tabakh. On the morning of October 5, the euro/$ currency pair fell by 0.8% during trading and reached $1.1161 per euro. This is the lowest level in 17 months.
It is very likely that in the next year the euro will reach parity with the dollar (the level of $1.05 in the most pessimistic forecast), experts polled by Vedomosti believe. This is primarily due to the dynamics of debt markets in Europe and expectations of higher rates in the United States, explains the chief economist of the rating agency Expert RA Anton Tabakh. On the morning of October 5, the euro/$ currency pair fell by 0.8% during trading and reached $1.1161 per euro. This is the lowest level in 17 months.
