The euro fell on Monday, July 12, to par with the dollar for the first time in nearly 20 years.
This comes with growing fears of a recession due to the uncertainty in the energy sector and high inflation levels that warn of further interest rate hikes by the European Central Bank.
The euro has lost more than 11% of its value against the dollar since the beginning of 2022, hitting its lowest level in 20 years, amid fears of an economic recession.
Related posts:
Unemployment rate back down to 3.5%. It's anyone's guess when things will turn
Wall Street closes in the red, recession fears backdrop
The increase in non-road diesel will be offset in 2024 for small construction companies, announces B...
Sebta and Melilia: continuation of pilot tests at commercial customs level
The Senate in turn launches into the supplier-supermarket balance of power
Come and reminisce about the past! Review of 6 products that Apple will discontinue in 2023 - ePrice...
They affirm that the Central Bank will raise rates again when July inflation is known
Artificial Intelligence Harvest Today: “OpenAI” investigates complaints accusing “ChatGPT” of lazine...