An energy shock, a deteriorating macro backdrop, and shifting policy expectations are all converging, and the euro is starting to reflect it. What looked like a contained selloff is now turning into something more structural.

BofA FMS: “54% of European investors expect growth in Europe to flatline in the months ahead, up from 15% last month, while 29% think the economy will accelerate, down from 74% previously”

https://www.zerohedge.com/the-market-ear/europe-getting-hit-all-sides-and-euro-cracking