Dominguez on euro-dollar parity

July 17, 2022 NPR

For the first time in two decades, the value of the dollar and the euro are equal on international currency markets. NPR quotes Ford School professor Kathryn Dominguez saying the two currencies are at parity because of how investors feel about the economy in the U.S. compared to Europe.

"Market participants are expecting that the U.S. economy is going to be stronger than the eurozone countries over the next - you know, foreseeable future," she said.