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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Possible Europe-US trade war could push euro into parity with the dollar

100-euro banknote superimposed on dollar bills
The euro sank to below $1.04 last week, its lowest level since November 2022. Photograph: Dado Ruvić/Reuters

The euro risks falling to parity with the US dollar for the first time since late 2022 if a new transatlantic trade war weakens the already struggling eurozone economy, analysts have warned.

The euro sank below $1.04 against the dollar, the weakest level since November 2022, last Friday after a survey of European purchasing managers showed eurozone private sector output has fallen this month.

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