As we flagged back in May, the US dollar continues to enjoy a stunning increase in value versus the euro in particular, but also against a broad basket of other currencies, including the British pound. As of now the dollar has hit parity with the euro — one dollar buys one euro — for the first time since 2002, shortly after the euro was launched in 1999. With the Federal Reserve expected to raise rates against soon, many traders believe that the parity barrier will be broken and the dollar will continue to move higher still against the euro. The […]
