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What does the Euro-Dollar parity mean? 

Published

2 years ago

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For the first time in 20 years, the Euro’s value has equalised with the value of the US Dollar and this has caused fears of recession within the Eurozone

The Euro is down almost 12% this year.

It started 2022 strong, but the war in Ukraine started an inflation surge.

So what does this all mean?

It’s important to note that since the Euro was introduced in 1999 it has very rarely dropped below one US dollar in value.

After two decades, the Euro has secured itself as the second most sought after currency in terms of global reserves.

But other currencies like the Sterling and Yen have also lost value against the US dollar this year.

According to Reuters, “partly because of more aggressive U.S. rate hikes have boosted the dollar’s appeal and also as global recession fears have sent investors flocking to the safe-haven dollar”.

And even if the European Central Bank hikes rates, the US Federal Reserve will hike more.

And the lower your currencies value against the dollar the higher inflation.

But all in all economists are saying the ECB will be hiking rates aggressively to fight back.

And as the world recovers from the pandemic, the Euro-Dollar parity may have global repercussions.

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Money

What to expect for IPO markets

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21 hours ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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Money

ASX positioned for strong start after positive stock rebound

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4 days ago

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September 10, 2024

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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4 days ago

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September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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