The euro fell against the dollar, reached parity and recovered slightly

The euro fell against the dollar, reached parity and recovered slightly

The exchange rate of euro and the dollar has reached again, this Wednesday, July 13, Parity, a milestone that occurred on Tuesday for the first time in 20 years, and after which the European currency recovered.

(See: Annual inflation to June in the United States reached 9.1%).

And not only parity, the euro fell again, 0.17%, and was below the dollar, trading at $0.9998, saccording to agency data Bloomberg.

Despite this, he recovered and got back to $1.0029.

(See: Recession or stagflation: the economic future for Latin America).

On Tuesday’s session, and for the first time since July 15, 2002, the euro touched parity with the dollar.

The fact occurred in a context of fear of a economic recession in view of the successive rises in interest rates that the central banks are carrying out to deal with the rise in inflation.

(See: Is the end of the container crisis coming? This is the landscape).

EFE

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