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Thursday, September 29, 2022

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Euro Slides to Edge of Dollar Parity as Pros Call It ‘Unbuyable’

For Kit Juckes at Societe Generale SA, the euro “remains effectively unbuyable this summer.” The chief global currency strategist said, “Europe’s energy dependency on Russia is falling, but not fast enough to avoid recession if the pipeline is closed. If that happens, EUR/USD will likely lose another 10% or so.”

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