According to news from the Financial Associated Press at 17:00 today, the euro continued to weaken against the dollar, hitting parity, and is now at 1.0000, or 1 euro = 1 dollar, the first time in nearly 20 years. The carding found that the yen against the dollar has fallen to a new low since the 1998 Asian financial crisis. It is reported that the last time the euro was below the parity mark against the US dollar was back in November 2002, the year when the euro officially entered the European market. Some financial sources said that if both Europe and the United States fall into a more severe recession in the third quarter, and the Fed is still raising interest rates, it is likely to reach the level of the euro-dollar exchange rate of 0.95-0.97. There is also a view that the dollar’s recent appreciation against the euro and the yen is largely due to the surge in natural gas prices in Europe and Japan. As the first half of 2022 comes to an end, the U.S. dollar under the Fed’s rule remains a strong currency in the foreign exchange market. Of course, the relative depreciation of the euro may be a good thing to some extent for people who are going to travel, shop, and study in Europe. .
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