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| Economy |
| Euro dips below the dollar, dropping to lowest level in 20 years |
| 2022-08-24 |
| [France24] The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. It's a psychological barrier in the markets. But psychology is important, and the euro's slide underlines the foreboding in the 19 European countries using the currency as they struggle with an energy crisis caused by Russia's war in Ukraine. Here's why the euro's slide is happening and what impact it could have: |
| Posted by:Besoeker |
| #3 The Euro is leading the Dollar in a race to the bottom. FIFY |
| Posted by: ed in texas 2022-08-24 15:03 |
| #2 Chasing the Green Mirage over a cliff does that... |
| Posted by: magpie 2022-08-24 11:08 |
| #1 Wow Europe, really doing the dog. struggle with an energy crisis caused by Russia's war in Ukraine. Well.....their reaction to Russia/Ukraine. And Covid response...and overall energy policy of the last 10 years...Merkal gets a recognition...subsidizing the energy needs of the African and Asian imports. A general clusterfuck really. Not sure who is worse though. Europe and their decade long goal of energy rationing, or USA who was just ducky two years ago then the politicians just flipping the switch to off. |
| Posted by: swksvolFF 2022-08-24 10:41 |