Barclays: Russian Gas Halt Would Plunge Euro Below U.S. Dollar

The euro could dip below the value of the U.S. dollar as the Eurozone's economy could be hit with rationing if Russia completely stops gas supplies to Europe, according to investment bank Barclays. "Our economists estimate that a total loss of Russian supplies, combined with rationing of the remainder, could dent euro area GDP by more than 5 percentage points over one year," Barclays' economists wrote in a note carried by Reuters. Moreover, if Russia stops natural gas supply to Europe, the EUR-USD will fall below parity, the investment bank added.…