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World

The problem with euro-dollar parity

12 July 2022

6:20 PM

12 July 2022

6:20 PM

The euro is nearly level with the dollar. It should not matter in theory, because of the relatively low share of the US in EU trade. But it does in practice.

Some predict that the euro will fall below parity. There is a straightforward explanation for this: the war in Ukraine and unpredictable Russian gas supplies to Europe make the dollar a safe haven for investors.

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