Euro to usd

Today, 1 EUR equals 1 USD. The shift means European companies and consumers will pay more for the goods and services they import, while European exports become ...

The European Central Bank has already hiked interest rates in a bid to tame inflation and plans to continue doing so as the situation further deteriorates. The invasion has upended energy markets and sent gas bills soaring to all-time highs. All eyes will be on the euro to see if it ends up falling below the American dollar. Supplies from the Nord Stream 1 pipeline stopped earlier this week for a planned 10-day maintenance. Since then, the euro enjoyed a steady rise, reaching almost $1.60 in the summer of 2008, when the Great Recession was wreaking financial havoc across the US. The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine.

EUR/USD sinks to its lowest level in nearly two decades and flirts with exchange rate parity on fears that Russia may indefinitely cut off some energy ...

Although there are no relevant zones of support in the vicinity, parity may act as a floor, but if sellers manage to breach that area to the downside, traders should brace for the possibility of a move towards 0.9625 through the third quarter. A red-hot CPI print will cement the case for another 75 basis points interest rate hike at the July FOMC meeting and possibly September, as policymakers are beginning to act more aggressively to upside inflation surprises. At midday, the EUR/ USD was down 1.1% to 1.0069, but earlier in the day it fell as much as 1.3%, flirting with exchange rate parity for the first time since late 2002. June U.S. CPI data, duefor released on Wednesday, is expected to show annual inflation accelerating to a new cyclehigh near 9% on the back of soaring prices at the pump. Several catalysts weighed on the common currency on Monday, but the main bearish driver was fears that President Putin’s government would cut off some key energy exports to the European Union. PAO Gazprom temporarily shut down Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany, for annual maintenance. - June U.S. CPI data will steal the limelight this week.

For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity -- meaning the two currencies are worth the same.

Germany recorded its first trade deficit in goods since 1991 last week as fuel prices and general supply chain chaos significantly increased the price of imports. before the war, is attempting to reduce its dependence on Russian oil and gas. on Tuesday, down about 12% since the start of the year.

The euro was last worth the same as the dollar in December 2002, shortly after the currency, now used by 19 European countries, was established.

The last time the euro was worth the same as the dollar was in December 2002, not long after the currency was introduced in 1999. This week, fears that a crucial natural gas pipeline from Russia to Germany, which went offline on Monday for 10 days of scheduled maintenance, could remain shut down for longer have hit the euro hard. The euro, which is shared by 19 European countries, has recently come under pressure, like many other currencies against the dollar, losing more than 10 percent of its value this year.

The final nail in the euro's coffin was news of a considerable deterioration in the German economic outlook.

Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. The final nail in the euro’s coffin was news of a considerable deterioration in the German economic outlook, according to the closely-watched ZEW survey. This could be the case for the EUR/USD, especially given how negative sentiment is towards it right now. All opinions and information contained in this report are subject to change without notice. What I would like to see from a bullish point of view is an initial sharp breakdown below parity, and then an equally strong recovery to take rates quickly back above this level. All the macro reasons we have been talking about over the last several weeks and months have not changed to tempt the buyers to step in just yet. With this level now broken, those speculative positions might have to be liquidated, thus adding further pressure on the exchange rate. A break of parity could trigger option strategies that requires selling huge volumes of EUR/USD.

The euro came within a whisker of parity against the US dollar before suddenly bouncing back, a sign of just how important the level is to traders.

Analysis: Investors often turn to US currency in times of uncertainty and there are plenty of reasons for them to be jittery.

This, though, is not just a story of euro weakness, it is also a tale of dollar strength. Were that to happen, the risk of recession over the coming months would be heightened. The Nord Stream 1 pipeline, which brings gas from Russia, was shut down on Monday for annual maintenance due to last 10 days.

For the first time in 20 years, the exchange rate between the euro and the U.S. dollar is nearly the same -- the two currencies are less than one cent away ...

That’s when it might be time to hire a cleaner. Germany recorded its first trade deficit in goods since 1991 last week as fuel prices and general supply chain chaos significantly increased the price of imports. Fears of recession on the continent abound, stoked by high inflation and energy supply uncertainty caused by Russia's invasion of Ukraine. 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. There's no better feeling than coming home to a sparkling clean house or apartment. Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. The euro and the U.S. dollar are a penny away from parity for the first time in 20 years Personal finance columnist Christopher Liew breaks it down for CTVNews.ca. Although with many Canadians' hectic lifestyles, finding the time is often challenging. The euro and the U.S. dollar are a penny away from parity for the first time in 20 years A situation where the euro is trading below the U.S. dollar at a range of US$0.95 to US$0.97 could "well be reached," wrote Saravelos, "if both Europe and the U.S. find themselves slip-sliding in to a (deeper) recession in Q3 while the Fed is still hiking rates." For the first time in 20 years, the exchange rate between the euro and the U.S. dollar is nearly the same -- the two currencies are less than one cent away from parity.