Brexit, US recovery could spell doom for euro’s rally against US dollar

//Brexit, US recovery could spell doom for euro’s rally against US dollar

Brexit, US recovery could spell doom for euro’s rally against US dollar

The euro has had a good run against the US dollar in 2020, but the rally appears to have reached the end of the road. The dollar seems a better bet with the US Federal Reserve stonewalling on negative interest rates, US growth prospects looking more upbeat, and markets focused on a Joe Biden victory in the US presidential election in a fortnight’s time.With the threat of a no-deal Brexit looming, the euro could quickly fall from grace as a hedge against a weak dollar. The European Central Bank…

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By | 2020-10-19T14:00:09+00:00 October 19th, 2020|Business|Comments Off on Brexit, US recovery could spell doom for euro’s rally against US dollar