foreign-exchange
Top StoriesEuro Plunges on Italian Politics, Energy Concerns
InvestingEuropean Shares Fall as Rate Hike Bets Keep Investors Cautious
TradingSterling Falls as Investor Nerves Boost Dollar
TradingSterling Rallies as Dollar Sellers Emerge, UK Growth Beats Forecasts
Dollar Jumps, Euro Breaks Parity After Consumer Prices Surge
Date: July 13, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar surged to a 20-year high against a basket of currencies and the euro broke below parity against the greenback after data on Wednesday showed U.S. consumer price inflation surged to a 40-1/2-year high in June. The consumer price index increased 1.3% last month as gasoline and...
Analysis-Euro-dollar Parity Leaves ECB Facing Costly Choices
Date: July 13, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The euro’s tumble to parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices. Letting the currency fall further would push up already record high inflation, raising the risk of price growth...
Explainer-Why the Euro’s Fall Below Parity Versus Dollar Matters
Date: July 13, 2022
LONDON (Reuters) – Europe’s single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears in the euro area. On Wednesday, it slumped to as low as $0.9998 and is down almost 12% so far this year. It started the year on a strong...
Euro Falls Below Parity for the First Time in 2 Decades
Date: July 13, 2022
LONDON (Reuters) -The euro dropped below parity against the dollar the first time in almost two decades on Wednesday, as a hawkish U.S. Federal Reserve and growing concern about rising recession risks in the euro area continued to batter the single currency. The euro started this year on a strong note given a post-pandemic economic...
Euro Falls Below Dollar Parity for First Time Since 2002
Date: July 13, 2022
By Elizabeth Howcroft LONDON (Reuters) -The euro dropped below parity against the dollar on Wednesday for the first time in almost two decades, as a hawkish U.S. Federal Reserve and growing concern about rising recession risks in the euro area continued to batter the currency. The latest slide came after another hot set of U.S....
Euro Bounces After Reaching Brink of Parity With US Dollar
Date: July 12, 2022
By Karen Brettell and Sujata Rao NEW YORK (Reuters) – The euro rebounded on Tuesday after earlier sliding to a 20-year low and effectively reaching parity against the U.S. dollar as investors worried that an energy crisis in the region will tip the economy into recession. The single currency reached $1.00005 against the greenback, the...