The euro will fall by a further 10% against the dollar and reach parity with the US currency within a year.
Why do I say that, when most of the world expects the new currency to strengthen against other major currencies? Well, partly for that very reason – the euro is over-owned. When everyone stands on the same side of a boat, it capsizes. And right now, everyone is standing on the same side of the euro boat – the long side.
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