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<p>[QUOTE=&quot;Collecting Nut, post: 8444809, member: 74863&quot;]The weakening euro has been getting closer to parity with the U.S. dollar since mid-2021. A very robust June jobs report on Friday, and analysts&#039; expectations of a further 0.75 percentage point hike by the Federal Reserve this month are making the dollar stronger than expected.</p><p><br /></p><p>From USA Today:</p><p>For the first time in 20 years, the U.S. dollar is nearly equal in value to the euro.</p><p>While that may sound good for the dollar, it could be a double-edged sword.</p><p>Why?&nbsp; If the dollar becomes too strong, it could harm business for American companies, because their goods may become more expensive for foreign buyers.&nbsp; And if sales of U.S. exports decrease, that could further slow down an already stalled U.S. economy. </p><p><br /></p><p>The dollar is strong right now for a few reasons. After years of easy money, the Federal Reserve is raising interest rates. “We saw this back post-great financial crisis and we&#039;re seeing this now as we move past the pandemic,” according to Win Thin, global head of currency strategy at Brown Brothers Harriman.[/QUOTE]</p><p><br /></p>

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