Why the Euro Is Closing In on US Dollar Parity Again

Estimated read time 1 min read


Since the euro came into existence in 1999, the currency has traded at equal value to the US dollar only a handful of times. The last instance was in 2022, after Russia’s full-scale invasion of Ukraine sparked an energy crisis in Europe and provoked fears of a recession, plunging the currency pair to a 1:1 ratio. Now, market watchers see a chance it will happen again.

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