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A comment on The euro and the dollar are a penny away from parity for first time in 20 years. Parent comment

Re:The euro and the dollar are a penny away from parity for ... by cm2187 on Monday July 11, 2022 @11:43AM (#32057633)
The article doesn't say a word about money printing which is probably the main story (along interest rates). The US has stopped printing money (and pretends it will shrink the Fed's balance sheet, though they still haven't started [1]). The ECB and BoE are still printing money. So mechanically USD goes up against both GBP and EUR.

[1] https://www.federalreserve.gov/monetarypolicy/bst_recenttren...

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Re:The euro and the dollar are a penny away from parity for ... by laurencerowe on Monday July 11, 2022 @11:59AM (#32057872)
> The ECB and BoE are still printing money. So mechanically USD goes up against both GBP and EUR.

The ECB has stopped bond buying as of July 1st. https://www.reuters.com/markets/rates-bonds/ecb-ends-bond-bu...

The BoE stopped expanding QE in December and started tightening in March. https://www.bankofengland.co.uk/monetary-policy/quantitative...

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Re:The euro and the dollar are a penny away from parity for ... by cm2187 on Monday July 11, 2022 @12:04PM (#32057962)
ECB Balance sheet still going up [1]. Granted, BoE is now flat, I stand corrected on that [2]

[1] https://tradingeconomics.com/euro-area/central-bank-balance-...

[2] https://tradingeconomics.com/united-kingdom/central-bank-bal...

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Re:The euro and the dollar are a penny away from parity for ... by laurencerowe on Monday July 11, 2022 @12:15PM (#32058089)
Those figures are for June 24th. I read the announcement as the ECB balance sheet stopped going up as of July 1st.

The BoE balance sheet stopped going up as of December and has been going down since March. (You can see this if you switch to the 1Y view of your chart.)

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Re:The euro and the dollar are a penny away from parity for ... by jleyank on Monday July 11, 2022 @11:46AM (#32057679)
This assumes Canada also has stopped printing money, which is certainly not what the opposition states…
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Re:The euro and the dollar are a penny away from parity for ... by jbay808 on Monday July 11, 2022 @11:54AM (#32057804)
Canadian interest rate hikes and QT are proceeding at a comparable pace to the US, perhaps faster.
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