Wall Street

A Euro Deep Below Dollar Parity Is Now Likely

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ValueWalk

For weekend reading, Ivan Martchev, investment strategist at Navellier & Associates, offers the following commentary: The Euro Is DroppingThe euro has dropped more than six cents in 11 weeks. That may not seem like a lot to the untrained eye, but at this rate, if it were to fall with the same velocity, the euro could drop another 12 cents by year’s end. Since the euro hit a parity of 1.0002 with the U.S. dollar intraday on Tuesday, that would put it in the vicinity of 90 cents. Is this possible or, more important, likely? Q2 2022 hedge fund letters, conferences and more Right after the euro wa…

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