EUR review

Western Union notes in a report on Tuesday:

• The euro took another step toward parity against the greenback as it plunged below $1.08 to its lowest level since April 2003. 
  
  
• The starkly different roads ahead for monetary policy in Europe compared to the rate hike bound Fed have taken an increasingly toll on the value of the single currency.  
  
  
• The euro now is seen on a faster track to a fall to parity, something that until recently was considered an agenda item for 2016 or later. A surprise rise in French industrial output of 0.4 percent in Jan, compared to forecasts of a 0.3 percent decline, offered little reprieve to the reeling single currency.