Those considering a trip across the pond in 2023 might lament not taking it last fall, as the euro bottomed out at 0.96 € to the dollar at the end of September, moved above parity in November and buys $1.09 as of this writing.
Certainly, this rebound in the euro / weakness in the dollar has bolstered European equities, which were already moving higher in Q4. In fact, the Euro Stoxx Index in dollar terms has soared 40% from 09.30.22 to 01.26.23, compared to a 13% advance in its U.S. counterpart, the S&P 500.
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