Weak Euro falls to lowest in 20 years, hitting parity with US dollar
- 2 years ago
The Euro has hit parity with the US Dollar - a first in over 20 years.
The exchange rate between the two currencies is now just one cent apart. The Euro has been particularly vulnerable due to the war in Ukraine and rising gas prices. But today's fall marks the weakest the Euro has been since 2001. And it is raising fears of a recession in Europe.
The exchange rate between the two currencies is now just one cent apart. The Euro has been particularly vulnerable due to the war in Ukraine and rising gas prices. But today's fall marks the weakest the Euro has been since 2001. And it is raising fears of a recession in Europe.