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Dollar

Return of the Mac – Daily chart

Currencies are closing the valuation gap with the dollar The Economist’s Big Mac index gives a flavour of how far currency values are out of whack. It is based on the idea of purchasing-power parity, which says exchange rates should move towards the level that would make the price of …

The Euro-Dollar Parity Bet Is Back – Bloomberg

Donald Trump’s electoral upset has breathed new life into the bet that diverging economic paths will drive the euro toward parity with the dollar for the first time since 2002. Traders see about a 43 percent chance the European currency will sink to $1 within a year, almost double the …