Energy Markets Will Determine The Fate Of The Euro ...Middle East

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Energy Markets Will Determine The Fate Of The Euro
source : OILPRICE ( Middle East ) () 34
A few days ago, a rare event in the forex markets took place: for the first time in two decades, the euro achieved parity with the U.S. dollar. The euro's epic collapse has seen it weaken nearly 12% YTD against the greenback, putting it on course for one of the worst years in its 23-year history as Russia's war on Ukraine exacerbates the biggest global energy crisis in modern times. The euro is currently quoted at $1.01. The last time the euro--the world's second most popular reserve currency after the dollar--dropped to these levels was in 2015…

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