piranka
The value of the U.S. dollar remains strong.
In terms of the euro, the dollar is still maintaining a price below parity. As of 10:30 am on Monday, October 31, 2020, it took only $0.9899 to purchase one euro.
The dollar has risen in value against the euro since the start of the Biden Administration. On January 2, 2021, a euro cost $1.2328.
The path since January 2 has been almost steadily downward.
U.S. Dollars To Euro Spot Exchange Rate (Federal Reserve)
As I have written before, I believe that there are two basic reasons for the continuing strength of the U.S. dollar.
First, with the advent of the Biden Administration, the world re-asserted its belief that the United States is, economically, the strongest nation in the world. Thus, funds began to flow to the United States because of the belief that the U.S. was the “go-to” country in terms of safety for risk-averse investing.
Second, the United States transformed into…
