Wells Fargo said it expects the euro, the second-most traded currency, to plummet as low as $0.96 in the fourth quarter of this year as the dollar strengthens, from $0.995 on Wednesday. But its predicted drop in the greenback should lift the euro to $1.02 by the end of 2023.
The dollar index has added more than 13% this year as the Fed has hiked rates at the fastest pace since the 1980s.
