Euro/U.S. Dollar!?
The ongoing conflict in Ukraine, which has fueled fears of an energy crisis and recession, as well as sharply higher U.S. interest rates, have pushed investors away from the euro and toward the dollar.
The euro reached parity with the US dollar Wednesday morning, implying a 1:1 exchange rate between the two currencies. That hasn't happened since 2002, when the euro was just getting started.
On Wednesday, at the currency's low point, €1 was briefly worth $0.9999 before a slight rebound. As of 10:40 a.m. ET, it was trading at $1.0058.
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