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Reuters
Reuters
Business
By Mimosa Spencer and Doyinsola Oladipo

American tourists splurge in Paris boutiques as euro slides

FILE PHOTO: The Dior logo is seen on a building under renovation of luxury brand Dior on the Champs-Elysees avenue in Paris, France, July 13, 2022. REUTERS/Rali Benallou NO RESALES. NO ARCHIVES

American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar.

The euro tumbled below $1 on Wednesday for the first time in two decades on fears that rising energy prices triggered by the Ukraine conflict could tip the European Union into a prolonged economic crisis.

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