For the first time in 20 years, the dollar is stronger than the euro

Today, on Wednesday, the euro fell below the dollar for the first time since 2002, that is, in almost 20 years.

By 15:53 ​​Moscow time, the euro fell to $1.0026, and minutes earlier, the European currency fell to $0.9999.

The single European currency ended trading on Tuesday at $1.0036.

The European currency is under pressure due to fears of an economic recession in the eurozone, amid the ongoing energy crisis and expectations of a rate hike by the European Central Bank (ECB) at its next meeting in July 2022.

Source: Prime

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