13 days ago • Posted by Ajmir Omid

#Euro / #Dollar parity more likely as #stagflation risks rise #forex #macro

The Ukrainian crisis is getting worse, damping sentiment and leading to a surge in commodity prices. Investors are concerned about the rising stagflation risks as a result, which hurts big exporters like Europe and Japan. The euro is underperforming the dollar by more than 7% since the start of the year. But is the move over? To many not yet. 60% of respondents to a Bloomberg survey believe the could fall further, expecting EURUSD to bottom near the 1.00 level.