The Dollar will still Hit parity versus Euro, says SocGen

Following a hike in interests rates by the Federal Reserve for the first time in nearly a decade, The Usd weakened first thing on Wednesday, though it recovered during the day, but, in all, it has been weak since an important meeting of European Central bankers earlier this month.

This was the exact opposite of what most market speculators expected, Fed. Monetary tightening coupled with, that, the European Central Bank expanded its easy money policies, which was supposed to instigate the soaring of the dollar.

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“The dollar remains on course to hit parity versus the Euro in months ahead “says Kit Juckes, currencies guru at Societe Generale. ETF investors will be more focused on international stock funds with a currency hedge. Some investors have bailed on the most popular ETFS of the year; this includes the “Wisodm Tree Hedged Equity ETF(HEDJ), explains Legland, as the euro fell to $1.09 against the Usd

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