October 28, 2020

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Euro is worth more than $ 1.20 for the first time, and that’s for …

Euro is worth more than $ 1.20 for the first time, and that's for ...

The euro broke the USD 1.20 mark for the first time. This is mainly due to the fact that the dollar exchange rate is doing very poorly these days. But what does that mean for the consumer? Does a pair of Nike sneakers suddenly cost a lot less? And what about companies that do business with the US?

Where from?

A number of factors play a role here, says Koen De Leus, chief economist at BNP Paribas Fortis. “We kept interest rates on short-term investments low, especially during the pandemic. By doing …