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Reply #30: The EURO is back where it started [View All]

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ctex Donating Member (354 posts) Send PM | Profile | Ignore Fri Oct-10-03 12:22 AM
Response to Reply #8
30. The EURO is back where it started
The EURO was worth $1.18 when introduced on 12/15/98. It then dropped slowly, but steadily hitting a low of $0.86 in the first week of Feb. 2002. Since then the EURO has bounced back reaching its starting price of $1.18 yesterday.

IMO, in the longer run the outlook for the EURO is not so good since European demographics weigh against Europe's economy growing as rapidly as that of the US.
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