How low can the euro go?
The euro is rushing towards parity with the US dollar for the first time since its first years of existence. Investors are betting it could get worse for the common currency.
The drop comes on top of eurozone inflation concerns and complicates the European Central Bank’s plans to undo its pandemic stimulus. It also has big implications for US investors and companies operating on the continent, as the value of their overseas earnings declines in dollar terms.