The Euro is growing weaker by the day and is nearing parity with the USD. Some analysts claim that the dollar could even overtake the Euro in the near future. The latest speculation appeared after the Euro dropped one half of a percent to $1.18, the lowest exchange rate for nine years.
Since January 1, 2015, the Euro has decreased in value by 2.4 per cent and during the majority of 2014 the Euro traded in at over $1.30. Some analysts say the lowest point for the Euro in 2015 will be something around $1.10, others state that the top rate will be $1.25.
If we take this into account, markets can bet on a Euro-USD rate of between 1.10 and 1.25 during 2015.
Chinese President Xi Jinping warned his new US counterpart Joe Biden not to push Europe into an alliance against Beijing