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Evening Standard

Business

Simon English and Michael Hunter

Euro slumps to parity with dollar amid recession fears on Continent

ECB Euro Recession James Hughes Europe Inflation

The dollar is currently strong against the Euro and sterling (Chris Radburn/PA)
(Picture: PA Archive)

The Euro touched parity with the dollar today for the first time in 20 years as financial markets bet on a Continent-wide recession.

With inflation biting and fears growing that the European Central Bank (ECB) is not willing to move quickly enough to control it, money dealers are switching into the dollar.

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