Bank of Ireland forecasts better dollar value in euro exchange rate
By: Kelly Fincham | Published Wednesday, February 3, 2010, 5:00 PM | Updated Friday, September 9, 2011, 9:29 PM
Good news for those of us who are paid in dollars and keep getting fleeced by the euro
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.