Euro explosion: Currency set to SINK against dollar in ‘perfect storm’
THE euro is set to crash even lower against the dollar in 2017 as the disaster currency looks to hit parity levels, experts have warned.
By LANA CLEMENTS
Express.co.uk
Tue, Dec 27, 2016
The single currency has fallen to $1.03 in 2016 – the lowest level in 13 years – and is now on track to fall as low as $0.95, according to economist forecasts.
Jordan Hiscott, chief trader at ayondo markets, said: “The Euro is now facing a perfect storm and the next obvious level is parity with the USD, quite possibly by Q2 next year.
“The currencies are quickly moving closer in value, thanks to the strengthening of the US dollar, following the election of Trump and his Regan-era style of economics, focusing on large infrastructure spending.
“Combine this with the weakening of European regional government, the resignation of the Italian Prime Minister and the prospect of 16 separate European government elections next year, and it’s difficult to be positive about the Euro.”
The Rest…HERE
