Euro-dollar, parity reached
The dollar and the euro hit par, for the first time since 20o2. Around 10.20am on 12 July, the euro / dollar cross reached 1.00 (-0.39%) and then rose again by a few fractions of a cent to 1.004. According to Barclays analysts, the dollar could continue to rise as long as risks remain linked to rising inflation, European energy security and the outlook for Chinese growth. The weakness of the euro, which can favor exports to the United States and dollar-linked countries, and the tourism sector also has negative consequences because it further increases the cost of the energy we import and the price of raw materials, which we pay in dollars.
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