Euro to dollar

The exchange rate between the U.S. dollar and the euro is about equal for the first time in 20 years amid concerns of a slowdown in the European Union.

Fed policymakers already approved a 75 basis point hike in June and are expected to do so again at the end of July as they race to cool consumer demand. It can also be the case that nothing comes." The parity between the two currencies comes as Russia shut off a key pipeline – Nord Stream 1 – carrying gas to Germany for annual maintenance. The euro traded at around $1.007 on Monday afternoon in the U.S, down roughly 15% from the start of the year. For the first time in nearly two decades, the exchange rate between the euro and the U.S dollar is about equal. While the routine work that includes "testing of mechanical elements and automation systems" is scheduled to end on July 21, German officials fear the suspension of Russian gas could last longer than anticipated because of the war in Ukraine.

Europe's common currency edged closer toward parity with the US dollar Monday as energy concerns and the risk of recession weighed on the outlook for the ...

The Bloomberg Dollar Spot Index jumped as much as 1.1%. The last time it was this low was back in 2002. The euro dropped as much as 1.3% to $1.0053, eclipsing its low from last week.

The U.S. currency has gained on expectations that the Fed will continue to aggressively raise rates as it tackles soaring inflation. “The Fed is going to raise ...

NZ Dollar/Dollar Dollar/Norway The Australian dollar was the worst performer on the day, falling to a two-year low on global growth fears. Sterling/Dollar Euro/Dollar Dollar/Swiss Consumer price data due on Wednesday is this week’s major U.S. economic focus. Multiple Chinese cities have adopted fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections, which could create new supply disruptions. Dollar/Yen Fed funds futures traders are pricing for its benchmark rates to rise to 3.50% by March, from 1.58% now. The Fed is expected to lift rates by 75 basis points at its July 26-27 meeting. Governments, markets and companies are worried the shutdown might be extended because of the war in Ukraine. read more

Driving the news: The European currency hovered around $1.007 earlier on Monday, as concerns loom that an energy crisis might push the continent into a ...

Here’s what the market’s biggest concern is Is a recession looming in Europe? The two currencies are a penny away from parity for the first time in two decades.

SOLVANG, Calif. Americans heading to Europe and Americans who want to buy foreign products are in luck when it comes to purchasing power. For the first.

He said he booked his trip to the U.S. when a euro was 5 percent stronger. It hasn't been this strong against the euro in two decades. Economists saw this coming when the Federal Reserve raised interest rates.

Before it was shut down, Russia reduced its gas supplies to the EU by way of the pipeline by around 60%. “The most proximate concern for markets ...

Currently, inflation in Europe has reached 8.6 percent. While Russia claims that it was shut down for annual repairs, the EU fears that the pipeline, which is essential in bringing fuel to Europe, may be closed forever. The Nord Stream pipeline, which links Russia to Germany, was shut down on Monday for ten days.

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.

The euro fell on Tuesday almost to parity with the dollar, a threshold not crossed for two decades, weighed down by the likelihood of recession triggered by ...

"There doesn't seem to be a lot of support for euro at this point. The global economy fears are undermining commodity prices and in turn commodity-focused currencies. But governments and markets are worried Russia might extend the shutdown, exacerbating the energy crunch and tipping the economy into recession. The biggest pipeline carrying Russian gas to Germany, the Nord Stream 1, began annual maintenance on Monday, with flows expected to stop for 10 days. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Europe's single currency battered by fears over gas supply from Russia and US interest rate rises.

The race to replace Boris Johnson as prime minister is heating up, with many candidates promising tax cuts. “Time for an emergency inter-meeting hike to show they are serious – the market just doesn’t believe in the ECB any more. This is further stoking recession fears in the bloc and the currency just cannot catch a bid.”

Fears of a recession have grown in recent weeks due to rising uncertainty over the bloc's energy supply, with Russia threatening to further reduce gas flows ...

Russia temporarily suspended gas deliveries via the Nord Stream 1 pipeline on Monday for annual summer maintenance works. "The ECB is in a very, very difficult position. - Russia temporarily suspended gas deliveries via the Nord Stream 1 pipeline on Monday for annual summer maintenance works.

The U.S. dollar is on par with the euro, but is that a good or bad sign for Americans, travelers and the global economy?

"Like, in Europe, or in the UK, Australia, even Canada, you have to pay for more U.S. goods coming in. "With a stronger dollar that's helping offset the cost of airfare and hotel room rates about 10- to 20% cheaper." "But there's been a weakening and the euro is now more vulnerable due to the Russian invasion in Ukraine and that's leading to higher oil prices, natural gas, and agricultural prices." The weakening euro has been getting closer to parity with the U.S. dollar since mid-2021. It adds more to the global inflationary problems." Why? If the dollar becomes too strong, it could harm business for American companies because their goods may become more expensive for foreign buyers.

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 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.