The euro fell to its lowest level this year as the European Central Bank looks set to cut interest rates before the Federal Reserve, fueling market discussion of just how much further it could fall. The common currency fell as much as 0.5% to $1.0675 on Friday, breaching the previous low of the year set in February and reaching a five-month low. It’s headed for a 1.5% weekly drop, which would be the worst since late 2022. The selloff, which follows the ECB’s clearest signal yet rate cuts are looming, is fueling talk among strategists that the euro can fall further to $1.05 by mid-year and even reach parity if the Fed ... (full story)