Euro's Slump to a 20-Month Low May Mean a Slide to Parity: Traders

  • Odds of parity in 9 months jumps above 50% in options market
  • Euro slides to 20-month low as Italian prime minister resigns

Italian Referendum and Political Risks in Markets

Traders view the euro’s slump to a 20-month low against the dollar as potentially just the beginning of a slide to parity as the resignation of Italy’s prime minister threatens renewed turmoil for Europe.

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