Euro edges close to parity with dollar amid growth fears

The euro edged closer toward parity with the US dollar today as energy concerns and the risk of recession weighed on the outlook for the euro zone, while risk aversion fueled a broad rally in the US currency.

The euro dropped as much as 1.3 per cent to $1.0005, eclipsing its low from last week. The last time it was this low was back in 2002. The Bloomberg Dollar Spot Index has jumped as much ...