Reuters reveals euro breaks parity in opposition to U.S. dollar for the first time in 2 many years – Reuters News Agency

Reuters was to start with to report the breaking information of the euro’s parity in opposition to the U.S. dollar, a level not found in two decades. The euro commenced this year on a solid take note supplied a submit-pandemic financial restoration. But Russia’s invasion of Ukraine, surging European gasoline selling prices and fears that Moscow could slice off supplies completely have hurt the one forex by boosting the spectre of economic downturn. Reuters also held audience ahead on this pivotal moment in economic marketplaces with a selection of tales, including an authoritative explainer on why the euro’s drop underneath parity vs . the U.S. dollar matters an evaluation on what is in retail outlet for the euro now, how policymakers may possibly respond and timely current market updates.