Euro/Dollar Parity & Summer Travel

John Wilson

John Wilson, MBA July 26th, 2022

Summer travel is picking up this year. If you’re headed to Europe, you may notice that you get more bang for your buck.

Why is that?

For the first time in almost 20 years, the U.S. dollar and the euro have reached parity. Souvenirs will be cheaper for Americans, but Europeans coming this direction may feel the pinch of more expensive goods and services.

The U.S. dollar has strengthened against the euro in part because of differences in monetary policy. The U.S. has been raising rates to slow inflation, while the European Central Bank (ECB) has been hesitant for fear of slowing economic growth. However, with the ECB expected to raise short-term rates this month for the first time in over a decade, euro/dollar parity may be short-lived.

If there’s anything about your investment strategy that you’d like to review, let’s talk.

Read More By John Wilson, MBA

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. Investment advisory services are offered through Concord Wealth Partners, an SEC Registered Investment Advisor.

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