BUZZ-COMMENT-Will EUR/USD drop to 1.00 before March?

Reuters
2024-12-04

Dec 4 (Reuters) - To be or not to be at parity before March 2025? That is the question for EUR/USD as the clock ticks towards Donald Trump's inauguration on Jan. 20.

Eighteen out of 42 market strategists polled by Reuters see a 'high' or 'very high' chance of EUR/USD falling to $1.00 before end-February, with the other 24 seeing a 'low' chance.

EUR/USD was last at $1.00 in November 2022, having slid through parity for the first time in 20 years in September that year (a month in which GBP/USD plumbed its historic low of $1.0327 on 'Trussonomics').

The EUR/USD pair first traded at $1.00 in December 1999 - less than a year after the euro was born, with one euro worth less than one dollar from March 2000 until June 2002. That period encompassed EUR/USD plumbing its EBS all-time low of $0.8228 (in October 2000).

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(Robert Howard is a Reuters market analyst. The views expressed are his own)

((robert.howard@thomsonreuters.com))

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