Falling below $1.28 for the first time in 16 months, the euro may have a way to go given the...

|By:, SA News Editor

Falling below $1.28 for the first time in 16 months, the euro may have a way to go given the divergence between the performance of the U.S.and EU economies, figures Julian Jessop from Capital Economics. Mark Gongloff adds the euro was below $1.20 when EU debt crisis fears 1st gripped the markets in Spring 2010 - he sees little reason why it should be higher now. FXE -1.1%.