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EURUSD: The Euro plummeted as experts warned

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Euro / Dollar Américain (OANDA:EURUSD)  
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OANDA:EURUSD   Euro / Dollar Américain
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The euro suffered a brutal sell-off in September and continued to sell off on Monday after signs of fresh economic trouble in Europe, just as experts warned that the common currency could reach parity. parity with the dollar in the coming months as US interest rates remain higher for longer.

The EUR/USD exchange rate fell 0.79% to 1.0487 USD after data showed that Euro zone manufacturing activity remained deeply depressed.

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