Euro/U.S. Dollar

 

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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Eurozone crisis : Greek-Protesters

Greek crisis:Reports say as many as 80,000 people have joined the demonstration in Athens, with another 20,000 protesting in Thessaloniki.

Athens has to repay nearly 14.5bn euros in maturing debt on 20 March.Greek MPs debate austerity billPM Lucas Papademos warned that failure to pass it would be "disastrous".
The leaders of Greece’s coalition government last night called on their colleagues to back legislation for more harsh austerity measures to allow the embattled country to get a new ¤130 billion (£108 billion) bailout and stave off bankruptcy and departure from the Eurozone.


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tags:Eurozone crisis : Greek-Protesters,news,