There seems to be no reprieve for the struggling Australian dollar, which suffered another bout of selling Thursday following poor jobs data, but one analyst says the currency may soon be in good company.
According to David Bloom, HSBC's global head of foreign exchange strategy, the euro is at risk of following the same course as the ill-fated Aussie.
"The Aussie tells you about the euro. Everything was right for the Aussie to go down. They [Reserve Bank of Australia] were cutting rates, China was slowing, commodity prices went down but the Aussie stayed elevated. Then one day, boom it went down. The exact same thing is going to happen to the euro," David Bloom, global head of foreign exchange strategy at HSBC, told CNBC.
(Read more: Will Australia's jobs shocker put the RBA to work?)
In a similar fashion, the euro managed to outperform in 2013 despite a variety of negative factors, such as tepid economic growth and dollar strength.
In the first two weeks of the New Year, both the Aussie and euro have fallen 1 percent.
A strong easing bias from the Reserve Bank of Australia contributed to a 15 percent loss for the Aussie in 2013 and Bloom expects looser monetary policy in Europe via long-term refinancing operations to trigger similar declines for the euro this year given lackluster economic results so far.
(Read more: Sit up and take notice, Aussie pain is here to stay)