Usd to euro

Today, 1 EUR equals 1 USD. The shift means European companies and consumers will pay more for the goods and services they import, while European exports become ...

The European Central Bank has already hiked interest rates in a bid to tame inflation and plans to continue doing so as the situation further deteriorates. The invasion has upended energy markets and sent gas bills soaring to all-time highs. All eyes will be on the euro to see if it ends up falling below the American dollar. Supplies from the Nord Stream 1 pipeline stopped earlier this week for a planned 10-day maintenance. Since then, the euro enjoyed a steady rise, reaching almost $1.60 in the summer of 2008, when the Great Recession was wreaking financial havoc across the US. The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine.

For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity -- meaning the two currencies are worth the same.

Germany recorded its first trade deficit in goods since 1991 last week as fuel prices and general supply chain chaos significantly increased the price of imports. before the war, is attempting to reduce its dependence on Russian oil and gas. on Tuesday, down about 12% since the start of the year.

The euro has been vulnerable given the effect of a continuing spike in natural gas prices and the war in Ukraine.

The euro has been particularly vulnerable given the effect of a continuing spike in natural gas prices on the regional economy and the war in Ukraine. Meanwhile, the European Central Bank has been behind rivals in raising interest rates. The euro has been particularly vulnerable given the effect of a continuing spike in natural gas prices and the war in Ukraine. The euro has hit parity with the United States dollar and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors.

The euro came within a whisker of parity against the US dollar before suddenly bouncing back, a sign of just how important the level is to traders.

The euro was last worth the same as the dollar in December 2002, shortly after the currency, now used by 19 European countries, was established.

The last time the euro was worth the same as the dollar was in December 2002, not long after the currency was introduced in 1999. This week, fears that a crucial natural gas pipeline from Russia to Germany, which went offline on Monday for 10 days of scheduled maintenance, could remain shut down for longer have hit the euro hard. The euro, which is shared by 19 European countries, has recently come under pressure, like many other currencies against the dollar, losing more than 10 percent of its value this year.

Euro slides to a 20-year low of $1.0004 on fears an energy crisis will tip Europe into recession, as Nord Stream 1 gas pipeline shuts down for maintenance.

Russia turned off the single biggest pipeline carrying gas to Germany on Monday for annual maintenance. This could cause a recession in Europe. The final vote (amongst all Conservative Party members) is expected on September 5. Successive voting rounds amongst Conservative MPs are expected to cut the list down to the final two candidates before parliament goes into summer recess (next Thursday). Key data on US inflation and China’s GDP take centre stage this week as the markets remain jittery amid Europe’s energy crisis and China covid lockdowns. Russia turned off the single biggest pipeline carrying gas to Germany on Monday for annual maintenance. Here’s the full story: This could cause a recession in Europe. All eyes are on the euro this morning, as the single currency falls to the brink of parity with the US dollar for the first time in two decades. That work is expected to last for 10 days, but governments, markets and companies are worried the Nord Stream 1 shutdown might be extended because of the war in Ukraine. All eyes are on the euro this morning, as the single currency falls to the brink of parity with the US dollar for the first time in two decades. That work is expected to last for 10 days, but governments, markets and companies are worried the Nord Stream 1 shutdown might be extended because of the war in Ukraine.