Euro Traders Ponder Just How Low the Currency Could Go Below $1
- Common currency could gap lower if parity goes, fall to $0.95
- Options bets suggest that $0.9850 could be a short-term bottom
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Currency traders are preparing for a world where one euro is worth less than a dollar.
The shared currency is flirting with hitting parity against the greenback for the first time since 2002. Now that decades of historical support levels have been broken during this month’s slump, the market’s focus is turning to just how low it could go.