The euro and the dollar are under half a penny away from parity for the first time in 20 years

The euro hovered around $1.004 on Monday afternoon, down about 12% since the start of the year. Fears of recession on the continent abound, stoked by high inflation and energy supply uncertainty caused by Russia’s invasion of Ukraine. The European Union, which received roughly 40% of its gas through Russian pipelines before the war, is …

The euro and the dollar are under half a penny away from parity for the first time in 20 years Read More »