Stronger dollar to benefit euro companies

It now seems the euro's strength of the past three years is coming to an end, much to the relief of ...

It now seems the euro's strength of the past three years is coming to an end, much to the relief of European exporters. Predictions of the euro reaching $1.40 anytime soon can be tucked into the filing cabinet under the desk. Instead, the currency shared by 12 EU nations is heading back toward parity with the dollar. Dirk Chlench, an economist at Hypothekenbank, said: "The rise of the US dollar against the euro will continue this year and beyond." He pointed to the recent drop in overseas purchases of US assets as illustrative of the changed mood. "A few weeks ago, such economic news mig...