Bank of Ireland forecasts better dollar value in euro exchange rate

Good news for those of us who are paid in dollars and keep getting fleeced by the euro exchange rate.

Bank of Ireland is forecasting another dip in the exchange rate - down to $1.35 from $1.40 through the end of March.

The exchange rate is currently around $1.39.

Dan McLaughlin, chief economist at the Bank of Ireland says the dollar has not gone below $1.37 since May 20, 2009.

And McLaughin says that level is still too far above what the markets see as fair value, about $1.15 – $1.20.

Here's hoping.

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