The Limited Times

Now you can see non-English news...

At its highest in twenty years, the dollar is approaching parity with the euro

2022-05-05T17:16:31.051Z


DECRYPTION - The weakness of the single currency risks aggravating inflation by making imported goods more expensive.


Parity, when talking about women and men, is an objective, valued and sought after.

When it comes to money, in this case the dollar and the euro, it is seen as a weakness, even downright feared.

To discover

  • YOUR COMMUNE - The results of the second round of the presidential election in your area

  • Taxes 2022: all about your tax return

In recent weeks, the US dollar has inexorably strengthened at the expense of the common European currency.

At the beginning of the year, the euro was worth almost 1.14 dollars.

On Thursday, it was just over $1.05 after hitting 1.0486 on April 28.

With the exception of an episode of weakness in 2016, the currency of the euro zone has fallen to a value that it had not known, against the greenback, for twenty years.

It was in April 2002, two decades ago, that the famous parity between the two currencies was reached for the last time.

A euro was then worth just a dollar.

When it was launched on the markets in 1999, the introductory rate of the common currency was 1.1789 dollars.

Since the beginning of 2021, the euro has…

This article is for subscribers only.

You have 79% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for 1€ the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All news articles on 2022-05-05

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.