Reported 1 day ago
Traders are speculating that the euro could hit parity with the dollar as early as this month, following Donald Trump's upcoming inauguration. The euro has declined over 7% against the dollar since September, with analysts from major banks suggesting a significant chance of reaching parity due to potential trade tensions and differing economic expectations between Europe and the US. Although the euro has seen a temporary rebound, many banks believe it is still likely to reach this critical benchmark, driven by geopolitical factors and monetary policy divergences.
Source: YAHOO