Oliver Managan: No sign of recovery for euro against the dollar

The dollar has been at elevated levels for the past five years. It has been aided by strong US economic growth over this time. Indeed, the current economic expansion has now become the longest on record.

As a result, the US jobless rate has fallen to a 50-year low of 3.5%. Widening interest rate differentials and bond spreads have also helped the US currency, with the Federal Reserve steadily tightening policy in 2017-18.