Euro pairs with US dollar for the first time in 20 years

7/12/2022 4:44:34 PM
The euro fell sharply against the US dollar, trading at $100 against the euro.

After 20 years of appreciation against the dollar, the euro fell sharply. Russia’s war in Ukraine and its energy policies against the European Union, the effects of the coronavirus, rising inflation, rising fuel and energy prices and along with political and economic instability in EU member states has contributed to the Union’s currency decline.

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