Reported 1 day ago
Since its introduction in 1999, the euro has only matched the US dollar’s value a few times, most recently in 2022 during an energy crisis resulting from Russia's invasion of Ukraine. Geopolitical tensions, potential US tariffs, and sluggish growth in Europe are contributing to predictions of another parity opportunity, with several banks forecasting a weaker euro. While hitting a 1:1 ratio could heighten market volatility, it also raises risks for the European economy and could lead to increased inflation pressures due to higher import costs.
Source: YAHOO