Finances

Luminor: depreciation of the euro against the dollar will benefit the European economy

According to Lenno Uusküla, chief economist at the Estonian Luminor, the situation has reached the point where the euro and the dollar are worth the same, that is, one dollar for one euro. Simply put, this means that buying some goods from the US has become significantly more expensive for Europeans. The bank announced this on Thursday to BNS, commenting on the emerging parity of currencies, when the US dollar and euro exchange rates equaled 1:1. “Previously, the expensive euro meant that it was sometimes much cheaper to buy and order goods from the US. For example, therefore, it was use...

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