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Euro Set to Hit Parity With Dollar in a Month, Wells Fargo Says

  • Rate gap drives euro down 8% versus US dollar this year
  • Short bets on the pair have further to go, Wells’ Nelson says
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Innes: USD To Stay Relatively Strong

The euro is poised to hit the same level as the US dollar within a month as the widening gap between interest rates and economic growth in the US and Europe drags down the common currency, according to Wells Fargo. 

Such a drop would mark the first time in two decades that the euro has equaled one dollar. The euro was little changed at $1.04 Tuesday, steadying from a three-day drop.