I read a while ago that the euro/usd will be levelled to 1.
Will this be a gradual change or sudden?
Its just speculation, no more. It may drop to parity, it may rise to 1.20 or more, no one knows.
Draghi seems to favour letting the euro fall further, but only he knows how far he would like.
It’s safe - there won’t be any sudden revaluation such as with a heavily manipulated currency like CHF. The Euro is fully freely traded so while it’s possible it could hit parity if that was to happen it would happen over an extended period of trading. While some parties might not mind to see it drop there’s other parties who would not want to see it drop that much (e.g. China).
Thank you for the replies…I needed to hear that…
It’s about as safe as it is trading any other currency. There is nothing particularly unsafe about it. As for it dropping to parity, that might eventually happen, but it won’t happen overnight, so there is no cause for concern.
Not likely to get is suddenly as a bolt from the blue, cuz its most liquid pair. Probably it can happen next year depends how market will react on Fed monetary changes. Lets see
Is it safe to trade which ever currency pairs is up to your risk management.