Home » Business » The super dollar flies to all currencies: this is why it is at par with the euro

The super dollar flies to all currencies: this is why it is at par with the euro

One by one. One euro is worth one dollar. For the first time since December 2002, the greenback (almost) re-engages parity on the single European currency. On Monday, the exchange rate fell to a low of 1.0053, therefore a breath away from the parity that had not been seen for 20 years. But it is not only the euro that has fallen so low: the dollar hit its 24-year high against the yen on Monday and has returned to the top since October 2002 on a basket made up of the six major global currencies. From the beginning …

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.