” href=”https://www.euribor.com.es/glosario/dolar/” data-gt-translate-attributes=”[{” attribute=””>dollar The US currency is trading at a 1-to-1 exchange rate for the first time in nearly two decades, when the European currency was in its infancy.
The euro has been losing ground against the dollar since the start of the year, when it hovered around $1.13, amid an aggressive campaign to fight against La inflación (que no inflacción) es un concepto económico que se aplica para definir los(…)
” href=”https://www.euribor.com.es/glosario/inflacion/” data-gt-translate-attributes=”[{” attribute=””>inflation by the US Federal Reserve, as well as the broader global shocks triggered by the Russian invasion of Ukraine. On Wednesday morning, they reached parity and on Thursday the dollar was worth 0.9999 euros.
Why is the euro falling against the dollar?
It’s a mix of factors, the most influential of which is probably the war in Ukraine.
The conflict has jeopardized food supplies and sent energy prices skyrocketing around the world, hitting the European Union in particular, where many countries rely heavily on Russian imports of fossil fuels.
As part of a pressure campaign against its eastern neighbor, the European Union of 27 countries has deprived itself of Russian oil, while Moscow has considerably reduced gas flows. This has increased costs for Europeans, already reeling from the pandemic.
In the United States, the Federal Reserve raised El BCE (Banco Central Europeo) s la entidad vigilante de la ortodoxia monetaria en la zona(…)
