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The spectre of the strong euro is back

27/10/2020
Source : Les Echos
Categories: Economy/Forex

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Currencies: The euro exchange rate is close to its peak reached during the 2008 financial crisis, against a basket of reference currencies. The second wave of the health crisis that worries stock markets has not affected the strength of the European currency, especially against the dollar. The crisis has favoured the currencies deemed the safest and strongest by the markets. The euro continues to attract the support and confidence of citizens, given the absence of inflation. Three-quarters of Europeans show their support for the euro despite rising unemployment and the economic crisis. And unlike the eurozone crisis, Euro-skepticism has not progressed.

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