Investors raise bets on euro falling to parity with dollar
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Traders have upped their bets that the euro could fall back down to parity with the dollar as stubbornly high inflation and resilient growth in the US raise expectations that the Federal Reserve will only begin cutting interest rates months after the European Central Bank.Investors have been buying options that will pay out if the common currency falls to $1 or below. Based on the price of these options, strategists at Bank...
