Will the dollar soon reach parity with the euro?

Frankfurt Experts have often proclaimed the end of the dollar’s global dominance. So now again. The massive sanctions against Russia would lead to countries like Russia and China developing alternatives to the previous reserve currency, they say.

At the moment, however, the US dollar is bursting with strength. Since the beginning of the year, it has appreciated by more than 4.5 percent against the euro. Last week it even reached a two-year high against the European common currency. Some economists now expect that it will soon reach the level of one dollar per euro.