The Euro could fall to par the Dollar, or rise back to 1.15 says Italian lender UniCredit who see one of two scenarios playing out over coming weeks. UniCredit says the significant uncertainty across markets means there is now a need to focus on "extreme scenarios" pursued by the European Central Bank (ECB). The ECB could either: 1) Decide to backpedal on its policy 'normalisation' plans (i.e. move towards raising interest rates) in the face of a full-blown recession in the eurozone. 2) Raise interest rates in order to get inflation back on track. "In the dovish scenario, the ECB backpedals from its normalization ... (full story)