"The greater the European outflows, the more the euro can weaken and the lower global bond yields can stay," they added. "We now foresee a move down to 1.00 by the end of the year, 90 cents by 2016 and a new cycle low of 85 cents by 2017."
Prepare for euro-dollar parity – and fast
As the euro trades around a 12-year low against the dollar, analysts believe euro-dollar parity will be reached soon – and that the single currency could weaken even further. It comes as the European Central Bank's quantitative easing (QE) program to stimulate the euro zone's lackluster economy got underway on Monday. Expectations of the move – which will see euros flood the market -- sent the currency below $1.1000 for the first time since September 2003 on Friday. The currency has since weakened further and in early morning trade Wednesday, the euro was stuck around $1.0692. Now analysts are questioning how ... (full story)