Energy Could Push Euro to 0.90, Says Saxo Bank's Hardy

The transcript discusses economic indicators suggesting a contraction, with a focus on currency strategy and the potential for a recession. It highlights the rapid decline in trading levels and the impact of energy prices on the market. The discussion also covers the challenges faced by the European economy, including the shutdown of the North Stream pipeline and the pressure on the eurozone. The potential for significant parity breaks in currency values is noted, with a focus on future market conditions.

Discuss the potential consequences if production stops due to high energy prices.

What are the expected levels for the euro against the dollar based on current trends?