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Euro Continues to Weaken
The euro fell to new 12-year lows against the U.S. dollar early today, weakening to as little as $1.05.
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The euro fell to new 12-year lows against the U.S. dollar early today, weakening to as little as $1.05.
The value of the euro has dropped 22% since July, when it was a $1.37. The two currencies were last at parity in 2002.
Analysts widely expect the euro to continue is downward track. Deutsche Bank predicts the currency will end 2014 at parity with the dollar, drop to $0.90 in 2016 and slip to $0.85 in 2017 before rallying again.
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