Looking ahead, currency traders still believe that the U.S. dollar could reach parity with the euro currency, especially as the U.S. continues to generates strong economic data and the European Central Bank engages in a quantitative easing program.
“I think we’re heading towards parity and that’s the logical conclusion of where we’re heading next,” David Zahn, head of European Fixed Income at Franklin Templeton, said on CNBC. “Originally, I was thinking next year (we’d see parity), but at the rate we’re going it does seem like it could be much sooner than that.”
PowerShares DB U.S. Dollar Index Bullish Fund
For more information on the dollar, visit our U.S. dollar category.
Max Chen contributed to this article.