Euro Falling to Parity With U.S. Dollar Is ABN Amro’s Base Case
This article is for subscribers only.
The euro will fall to parity or even below the U.S. dollar for the first time in about two decades, according to ABN Amro Bank NV.
The slide in European currencies including the euro, the Swedish krona and Polish złoty will continue, according to Georgette Boele, a senior currency strategist at the Dutch lender. Physical supply disruptions to key commodities will get worse over the coming months, disproportionately hitting the euro area economy and delaying European Central Bank tightening, she said.