Sign up to The Irish Times Archive (1859 - 2008)My Account »

Wed 11 Nov 2002Euro will tumble as US recovers, says economistThe euro will fall from parity against the dollar before the end of the year, declining to $0.92 within 12 months, a leading economist told a Dublin investment seminar yesterday.Mr Adam Chester, chief economist with HBOS, parent of Bank of Scotland, said the dollar would increase in value as the US economy started to recover and investors began to place more faith in US assets. He expects the euro to fall to about $0.94 before April next year.