Dollars to Euros

I may have more to say about this later.  For now, here is a historical look at the Dollar to Euro exchange rate, from every graphers best friend, FRED, at the St. Louis Fed.

The dollar lost ground between the two most recent recessions.  Now it is strengthening, though in a rather choppy sort of way.  My prediction is that the dollar will continue to gain for at least another year or two, and eventually hit a bottom no higher than about $1:05 per Euro.  The next leg down for the Euro is just beginning.
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