Dollar at 15-month low against the euro. The European currency today touched the value of 1,16 US dollars, the top since January 2015: the exchange rate is on the rise in particular compared to December of last year, when it practically reached parity following the Federal Reserve's interest rate hike (for the first time after 9 years).
“This trend – writes il Financial Times – reflects the markets' belief that the US economy will not grow fast enough for the Fed to change its accommodative rate policy. In the first quarter of 2016, US GDP growth was the weakest in two years, while that of the euro area was higher than expected.
