The Euro is currently trading at $1.07 which is the lowest level in eleven years. From the linked BusinessInsider article: Generally, the European Central Bank’s new quantitative-easing programme should tend to weaken the euro, and the Federal Reserve’s likely rate hikes should strengthen
the US currency: When investments made in dollars can get a better return through higher interest rates, demand for dollars goes up, and so the currency strengthens against others. And as far as pretty much anyone is concerned, in the next couple of years the ECB will keep monetary policy loose, while the Fed will be looking to raise rates steadily. That
makes parity between the euro and dollar a real possibility. Read more: http://www.businessinsider.com/the-euro-is-tumbling-again-and-analysts-are-talking-about-parity-with-the-dollar-2015-3
