Towards euro-US dollar parity in a still risky world

The euro, which traded at US$1.60 in 2008 and more recently, at as high as US$1.39 in March 2014, hit its lowest level in nearly 12 years, touching US$1.056 on March 11, 2015 (down 13% so far in 2015). The US dollar has risen 28% against the euro since May 2014.

THE spring assessments are in. As expected, the global economic situation is less buoyant than predicted.

The IMF’s (International Monetary Fund) April’15 World Economic Outlook and its companion, the Global Financial Stability Report pointed to some healing.