Why the euro has tumbled to parity against the US dollar - CNA

As the US economy went into meltdown during the 2008 global financial crisis, one euro was worth about 1.6 times the US dollar. Now a combination of Europe’s front-line exposure to Russia’s war in Ukraine and the European Central Bank’s tardiness in raising i…

IS THE 1:1 LEVEL IMPORTANT? Yes. Its a psychological threshold for the market. The first time the euro fell to parity with the dollar was in December 1999, not even a year after its inception. Just… [+3743 chars]

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