The Exchange Rate Between the Euro and Dollar Is Nearly the Same for the First Time in 20 Years

CNN Business2022-07-12

New York (CNN Business) - For the first time in 20 years, the exchange rate between theeuro(EUU)and the US dollar is nearly the same -- the two currencies are less than one cent away from parity.The ...

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Comments

Ztradee
2022-07-12
Ztradee
Very interesting indeed
Pepermintpat
2022-07-12
Pepermintpat
Omg Omegeddon!
CoolFox
2022-07-12
CoolFox
Meanwhile, the RUB/USD moved from 0.8 4 months ago to 1.6 today.
Meerasha
2022-07-12
Meerasha
omg..this is unreal
Kkn
2022-07-12
Kkn
Buy EUR ?

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Fears of recession on the continent abound, stoked by high inflation and energy supply uncertainty caused by Russia - Ukraine war.The European Union, which received roughly 40% of its gas through Russian pipelines before the war, is attempting to reduce its dependence on Russian oil and gas. At the same, Russia has throttled back gas supplies to some EU countries and recently cut the flow in the Nord Stream pipeline to Germany by 60%.Now that critical piece of gas import infrastructure in Europe, has been shut down for scheduled maintenance due to last 10 days. German officials fear that it may not be turned on again.The energy crisis comes alongside an economic slowdown, which has cast doubts over whether the European Central Bank can adequately tighten policy to bring down inflation. 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Head of FX Research George Saravelos in a note last week.A situation where the euro is trading below the US dollar at a range of $0.95 to $0.97 could \"well be reached,\" wrote Saravelos, \"if both Europe and the US find themselves slip-sliding in to a (deeper) recession in Q3 while the Fed is still hiking rates.\"That's good news for Americans with plans to visit Europe this summer but could spell bad news for economic global stability.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9078907353,"gmtCreate":1657607735472,"gmtModify":1676536033963,"author":{"id":"4110585089676882","authorId":"4110585089676882","name":"Ztradee","avatar":"https://community-static.tradeup.com/news/aae667a79e97974cfc4b276d6bff87f8","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":3,"crmLevelSwitch":0},"htmlText":"Very interesting indeed","listText":"Very interesting indeed","text":"Very interesting indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078907353","repostId":1158622455,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9078074066,"gmtCreate":1657605668055,"gmtModify":1676536033749,"author":{"id":"4109504542406510","authorId":"4109504542406510","name":"Pepermintpat","avatar":"https://community-static.tradeup.com/news/0804feddbf156f8e808003b7ca831628","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":3,"crmLevelSwitch":1},"htmlText":"Omg Omegeddon!","listText":"Omg Omegeddon!","text":"Omg Omegeddon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078074066","repostId":1158622455,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9078078972,"gmtCreate":1657605050396,"gmtModify":1676536033659,"author":{"id":"3584782885850103","authorId":"3584782885850103","name":"CoolFox","avatar":"https://static.tigerbbs.com/53ed2b2a4ca54289d3bee0a3310b5704","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Meanwhile, the RUB/USD&nbsp;moved from 0.8 4 months ago to 1.6 today.","listText":"Meanwhile, the RUB/USD&nbsp;moved from 0.8 4 months ago to 1.6 today.","text":"Meanwhile, the RUB/USD moved from 0.8 4 months ago to 1.6 today.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078078972","repostId":1158622455,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9078079925,"gmtCreate":1657604688267,"gmtModify":1676536033607,"author":{"id":"4115963528526532","authorId":"4115963528526532","name":"Meerasha","avatar":"https://community-static.tradeup.com/news/2a8a859ed63b4a2c3870eac78c938a27","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"omg..this is unreal","listText":"omg..this is unreal","text":"omg..this is unreal","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078079925","repostId":1158622455,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9078044559,"gmtCreate":1657604309071,"gmtModify":1676536033544,"author":{"id":"3558350825461352","authorId":"3558350825461352","name":"Kkn","avatar":"https://community-static.tradeup.com/news/9e1693e69f93e0106f07426155df33ae","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Buy EUR ?","listText":"Buy EUR ?","text":"Buy EUR ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078044559","repostId":1158622455,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":89,"commentSize":5,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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