The euro fell below parity for the first time in two decades last week, but believe it could rebound once worries about gas supplies and inflation subside. But traders believe the euro could recover, provided it clears several hurdles in the coming months. It will announce its monetary policy decision on Thursday, and has indicated that it will raise rates for the first time in 11 years. The dollar has benefited from the Fed's tightening of monetary policy as it tries to limit inflation, which hit record highs again in June. Should that happen, the euro could move away from parity in the last few months of 2022, they say.

Source: The Star July 17, 2022 04:14 UTC