| Weakening of euro against the US dollar is a symptom of fiscal and monetary failures, with much of the blame lying at the door of the ECB. The euro's survival hangs in the balance as worries about weakening fundamentals that have dogged private sector investors since the onset of the global financial crisis spread to reserve managers at official sovereign institutions.
The European Central Bank is hardly helping matters. Repeated policy failure has seen the bets stack up that the euro will fall to re-test parity with the US dollar in the near future. The risk is that the combination of weak euro fundamentals and the US dollar's correction from its massively oversold position could take the rate a lot lower...............................................Full Article: Source
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