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Euro heads for parity with dollar after massive decline

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The euro fell to a two-decade low yesterday as high energy prices, recession fears and a dovish European Central Bank (ECB) pushed the currency closer to parity with the dollar.

The euro’s 1.5 percent slide took it below $1.03 in afternoon trade, its weakest since late 2002, a move that will add to inflationary pressures across the euro zone as the ECB prepares to hike rates.

https://www.independent.ie/business/world/euro-heading-for-parity-with-dollar-after-massive-fall-41816730.html Euro heads for parity with dollar after massive decline

Fry Electronics Team

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