Euro to hit parity with dollar but not for long as investors assess financial impact of Paris attacks

Stephen Diggle, who co-founded a hedge fund that made $2.7 billion (€2.53bn) in 2007 and 2008, said the euro’s slide is almost over and his German property holdings will benefit. UBS, the world’s largest private bank, agrees further losses are set to be limited.

The euro tumbled to a seven-month low against the dollar this week as investors assessed the impact of Friday’s terror attacks in Paris on the region’s stuttering economy.

The single currency has weakened more than 6% since European Central Bank President Mario Draghi signalled last month that policy makers are open to boosting stimulus, even as the Federal Reserve moves toward raising rates.