Euro Risks Slide to Parity as Ukraine War’s ‘Most Liquid Short’
- Currency has tumbled 4.7% in past month as Ukraine war began
- ‘I continue to see more pressure on the euro’: K2 Asset
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What seemed almost impossible a few months ago is now growing into an appreciable risk: the euro may sink to parity with the dollar this year.
That’s what strategists are warning as the Russian invasion of Ukraine threatens to derail the European economic recovery from the pandemic and delay even further the European Central Bank’s glacial progress toward policy normalization.