With the on the defensive following the Federal Reserve's dovish turn, the euro has pulled further away from a 12-year low of $1.0456 plumbed last week.
In early Asian trading, the common currency last traded at $1.0814 per dollar.
Last week, an indication by the Fed that the central bank was not in a hurry to raise the ultra-low rates took the wind out of the greenback's sails. Since then, the euro has recouped 2.05 percent against the U.S. dollar.
On whether the euro's strength will be here to stay, IG's market strategist Stan Shamu said: "If we see U.S. data track above expectations, then the greenback is likely to adjust accordingly. On the euro side of the equation, nothing has really changed for now and once the short covering gets out of the way, traders will be looking to reassess their position on the pair."
With that, what do you think will push the euro to parity with the dollar?
