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The euro exchange rate complex is static on Friday with all eyes firmly fixed on the Sunday referendum and the subsequent developments following the release of the result.
The euro to dollar exchange rate conversion (EURUSD) will fall to parity in 2015 and below the 1:1 level in 2016.
Greece has not yet signed a deal with its creditors. Talks went on until late last night and started again this morning.
Updated forecasts for the euro v dollar exchange rate from SEB Bank suggest calls for parity are over-exaggerated.
Markets have been accused of under-estimating the true value of the euro dollar exchange rate by under-estimating the impacts of a Greek exit from the Eurozone.
The euro has risen against both the US dollar and pound in tandem with a rise in Eurozone sovereign bond yields.
Latest news and predictions for the euro to dollar conversion pairing show there is a limit to the shared currency’s strength.
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