- Pimco joins the increasingly sizable crowd expecting the euro (NYSEARCA:FXE) to reach parity with the greenback. Speaking on Bloomberg, Richard Clarida notes the euro - even in the EMU's darkest days in 2011 and 2012 - never fell below $1.1837, but we're through there now. "My own view is the next technical is parity," he says (without giving timing).
- At heart of the fundamental reasons for the forecast is Clarida's expectation the ECB will introduce a sizable QE program this month.
- ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR