Euro Eclipses the Dollar

The almighty dollar has taken a bit of a beating in recent weeks, but currency watchers on both sides of the Atlantic consider the euro’srally this year minimally disruptive and in some ways advantageous.

The parity of the euro against the dollar created immediate benefits for U.S. companies doing business in European markets using the euro — those euros are simply worth more in dollar terms — and, if sustained at or near a dollar-per-euro exchange, could translate into better export opportunities for U.S. firms.