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The Independent UK
The Independent UK
National
Via AP news wire

Euro falls below parity with the dollar. What's the impact?

Copyright 2022 The Associated Press. All rights reserved.

The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency.

It's a psychological barrier in the markets. But psychology is important, and the euro's slide underlines the foreboding in the 19 European countries using the currency as they struggle with an energy crisis caused by Russia's war in Ukraine.

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