Explainer: Why did the euro fall to “parity” with the dollar and what is happening now?

The euro briefly fell to par with the dollar on Tuesday for the first time since 2002 and was back at par on Wednesday as a combination of recession fears, central bank policy and energy prices battered the common currency.

The euro has been gradually trending lower against the dollar since mid-2021, when markets began to anticipate rising inflation and interest rates.

https://www.independent.ie/business/world/explainer-why-has-the-euro-fallen-to-parity-with-the-dollar-and-what-happens-now-41835575.html Explainer: Why did the euro fall to “parity” with the dollar and what is happening now?

Fry Electronics Team

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