The EUR/USD stands 500 pips from reaching parity to the dollar. However, it would have to test the 2016/2017 lows before trading at this level. EUR/USD tested and rejected levels below 1.0350 back in 2017, this was followed by a euro rally to 1.20
Union Investment head of FX says the EUR/USD could reach 1.000. The embargo of Russian oil and gas would have a severe impact in the EA economy while China weak activity is another factor to consider given Europe's strong sensitivity to China, Union Investment says
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