Euro USD crunch.
Anyone have any thoughts on how long it might take for the Euro to recover back to its recent historical exchange rate of around 1.2 Euro to USD? I am looking to plan a vacation to Europe and was looking to get some thoughts from the Forex guys on the forum.
Hello PEarbitrage. As of now, you will not see EURUSD moving back towards 1.20 - we weren't trading there even before the Ukraine invasion. Inflationary pressure will be negative for the EUR in the short-term and there is so much the ECB can do without risking derailing the fragile growth they were expecting before all of this happened. EUR is cheap - just buy and enjoy your holidays :)
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