Euro Plunge to Parity Derails as Draghi Cash Flows Into Equities
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After its biggest slide since being created in 1999, the euro is finding a floor.
A torrent of money unleashed by the European Central Bank is fueling demand from U.S. and other international investors for the region’s stocks -- and the currency needed to buy them. Global mutual funds and exchange-traded funds that focus on European equities attracted $63.6 billion this year through April 22, up 70 percent over the same period in 2014, according to data compiled by EPFR Global.