Foreign-exchange traders are set to bludgeon the euro anew as the war in Ukraine and the supply-chain crisis ramp up stagflation risk -- driving the single currency to parity versus the dollar for the first time in nearly two decades.
In the view of 60% of respondents to the latest MLIV Pulse survey, the euro will eventually end up level with the greenback, with a small majority of more than 400 participants betting it will then recover to $1.15. It traded at about $1.05 as of 6:37 a.m. New York time, near its weakest since early 2017.
