Harvard doctoral researcher Robert Foa at his
Merchant of Venice blog at EUobserver.com in
The Euro: A Better Reserve Currency comments on a chart at Clemens Kownatzki's blog
FXIS Market Insights which shows a long-term trend for the Euro as getting stronger against the dollar, in spite of periodic short-term downturns, such as the downward turn of the current Euro-phase:
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eSignal 2008, a popular provider of real-time quotes and analysis on world markets.
We looked at a more recent comparison of the Euro and the U.S. Dollar at ECB, the
European Central Bank, and although the downturn has continued in 2010 after a high in December, 2009, it is still not clear whether the Euro will drop clear down to parity, i.e. 1.000, as a technical analysis of the chart might predict -- i.e. as if the bottom lower line were seen to mark the next "trough" in the chart. Please be aware that this not a prediction of future currency exchange rates but merely provides information as to "what has been". What the future will bring is anybody's guess.