Euro struck 11-year low against the dollar on Wednesday amid expectations that the ECB will launch another round of quantitative easing - based on AForex.
Most market players believe that in the near future euro prosyadet more. For the EU is a good thing, because it means preferences for exporters.
In October, the euro touched a record low of $ 0.8252 - I must say that the euro is not traded below $ 1 since December 2002. Recall that the launch of the euro took place in January 1999.
Euro struck a key lower bound - $ 1.20. The next level of support - $ 1.15, and then $ 1.10. Thus, as noted by Craig Johnson, strategist at Piper Jaffray in an interview with CNBC and Yahoo Finance's Talking Numbers, the European currency is moving to lock in a zone close to parity, which is located at $ 1. This is the future of the euro, according to Johnson.
What about the dollar?
The popular writer, economist and investor Jim Rogers, yet relies on the dollar, despite the fact that, according to him, is "terribly overbought currency that he does not like." Rogers believes that there will be difficult times.And while USD - a safe haven when it comes to currencies. Increased and unpredictable volatility in the currency market - this thing coming 3-4 years, experts say. Rogers does not neglect and gold at the same time. In its portfolio this asset takes a decent share - recall that Rogers expects the yellow metal will grow by 15-30% in 2015.