Euro under pressure as analysts predict fall to parity with US dollar

Talk of the euro falling back to parity with the dollar is resurfacing as US yields surge.

Analysts have slashed their euro forecasts, with some seeing it hitting $1 by early 2023.

Slow euro area growth, Italy's debt worries, and rising energy prices add to the gloom.

The euro has already slid 6% from its July peak to around $1.06.

While parity looks possible, some see pessimism baked into the euro's price.