🚨1 EUR Is Going Below 1 USD Again After 20 Long Years🚨
Last month, the Euro fell to trade at parity with the U.S. Dollar (i.e. 1 EUR = 1 USD) for the first time since November 2002.
The European currency traded at its lowest level of US$0.84 in 2001, after which it strengthened to nearly US$1.60 in 2008. Since then, it has weakened steadily, losing 12% so far this year.
👉 Why is the Euro so weak?
This is both a case of Dollar strength and Euro weakness. Europe’s economy has been negatively affected by the Russia-Ukraine war and the European Central Bank (ECB)…