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Euro Is Sliding Toward Dollar Parity for First Time in 20 Years

  • Euro’s slump to five-year low leads funds to bet on parity
  • Gloomy economic outlook is fueling demand for dollars as haven
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WATCH: Recession threat hangs over Europe’s economic growth. Caroline Hyde reports.Source: Bloomberg

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The euro is on the verge of U.S. dollar parity for the first time in two decades.