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Currencies

Euro seen falling to parity with dollar

Political uncertainty cramps the common currency

TOKYO -- A growing chorus of market professionals are predicting that the euro will weaken further and reach parity with the dollar amid increasing concerns about a string of upcoming elections in Europe and Brexit's impact on the region.

The euro slid to the lower half of $1.03 in overseas markets Tuesday, hitting a 14-year low. Although investors unloaded the greenback and bought the euro to adjust their holdings in the Tokyo market Wednesday, Europe's common currency still softened to the upper half of $1.03 at one point.

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