Euro Eyes Parity Once More
This time it's different
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Following a failed attempt at parity earlier this year, the euro may be set to make a more convincing foray at 1.0000 to the U.S. dollar, as a crucial driver for further weakness in the common currency is now on a substantially different path, Bloomberg strategist Vassilis Karamanis writes.
One key difference this time is that the euro is facing downside pressure from investors both going short the euro and building long dollar positions.