Prof K Nageshwar: Is Euro Challenging Dollar Global Supremacy? (Video)

         With the euro surging to its highest level for six years, based on the European Central Banks trade-weighted index, the doom-mongers predicting the dollars demise as the worlds reserve currency of choice have started chorusing once more. As usual, they will be proved wrong.

Traders whove been speculating that the common currency would benefit from the euro zones superior pandemic response, at least when compared with the U.S., have been rewarded for their faith. The euro is up by 4.3% against the dollar this year, and is at its strongest since 2014 versus a basket of the currencies of the blocs 19 biggest trading partners.

Higher and Higher
The euro is at its strongest since 2014 on a trade-weighted basis
https://www.bloomberg.com/opinion/articles/2020-07-28/the-euro-s-ascent-won-t-knock-the-dollar-off-its-perch#:~:text=Currency%20traders%20have%20made%20money,would%20benefit%20the%20common%20currency.

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Prof K Nageshwar: Is Euro Challenging Dollar Global Supremacy? (Video)
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With the euro surging to its highest level for six years, based on the European Central Banks trade-weighted index, the doom-mongers predicting the dollars demise as the worlds reserve currency of choice have started chorusing once more. As usual, they will be proved wrong. Traders whove been speculating that the common currency would benefit from the euro zones superior pandemic response, at least when compared with the U.S., have been rewarded for their faith. The euro is up by 4.3% against the dollar this year, and is at its strongest since 2014 versus a basket of the currencies of the blocs 19 biggest trading partners. Higher and Higher The euro is at its strongest since 2014 on a trade-weighted basis https://www.bloomberg.com/opinion/articles/2020-07-28/the-euro-s-ascent-won-t-knock-the-dollar-off-its-perch#:~:text=Currency%20traders%20have%20made%20money,would%20benefit%20the%20common%20currency.

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