well if the euro is now more or less on par with the dollar
( as far as i remeber the euro was pegged at $1.20 when “invented”)
this is not necessarily a bad thing.
It is. Neither are worth a plug nickle.
It isn’t good for American product exporters like me...
IIRC...the Euro,at launch,was pegged at something like $1.17 per Euro.
Also,IIRC,the Euro fell to about $0.88 per Euro a few years back...can't recall exactly when...or why.
The Fed just swapped a billion dollars for euros.
Why?
Europeans need/want dollars.
Why? Europeans are hanging on to dollars, and dumping Euros.
What do they know/feel/sense that we don’t know?