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Euro to Be on Par With Dollar ‘Sooner Or Later,’ CLSA Says

May 17 (Bloomberg) -- The euro will be on par with the U.S. dollar “sooner or later” on Europe’s bailout proposal, Christopher Wood, chief equity strategist at CLSA Asia Pacific Markets, said at a forum in Shanghai.

“Europe’s bailout plan means the euro will be a fundamentally weak currency,” Wood said. “Euro will sooner or later go to parity with the U.S. dollar.”

The European debt crisis may worsen, Wood said. It will remain a regional problem and not a global turmoil, he also said.

To contact the reporter on this story: Allen Wan in New York at awan3@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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