Possible Europe-US trade war could push euro into parity with the dollar

If Donald Trump imposes tariffs on EU imports the eurozone is likely to take a hit, causing euro to slide further

The euro risks falling to parity with the US dollar for the first time since late 2022 if a new transatlantic trade war weakens the already struggling eurozone economy, analysts have warned.

The euro sank below $1.04 against the dollar, the weakest level since November 2022, last Friday after a survey of European purchasing managers showed eurozone private sector output has fallen this month.