The euro is hovering close to parity with the dollar, falling to its lowest level in 20 years and even briefly touching a one-to-one exchange rate with the U.S. currency this week.
It's a psychological barrier in the markets. But psychology is important, and what the euro's slide underlines is the foreboding in the 19 European countries using the currency as they struggle with an energy crisis caused by Russia's war in Ukraine.
