Reported 3 days ago
As the euro starts the year on a low note, hedge funds anticipate it may fall to parity with the dollar in the coming months. Following a significant drop in the euro's value, traders reported an influx of options trades targeting parity or lower. Concerns over Europe's economic outlook and potential US tariffs are driving negative sentiment, leading to a substantial increase in bearish positions among hedge funds. Analysts suggest that a breach of parity for the EUR/USD exchange is increasingly likely.
Source: YAHOO