Key Levels to Watch as Euro-Dollar Parity Creeps Closer

With the European economy lurching toward a recession, traders are growing more convinced that the euro breaking parity with the dollar is imminent. “Unless euro-dollar can get above that $1.035 level, perhaps by the end of the week, it could instead drop to parity,” said Rabobank Head of FX Strategy Jane Foley in an interview on Bloomberg Television.