Euro nears parity with US dollar for first time in 20 years amid energy crisis
Euro nears parity with US dollar for first time in 20 years amid energy crisis
At one point the euro fell to its weakest level since December 2002 (Picture: Getty/PA)
The euro fell to almost parity with the dollar yesterday – a threshold not crossed for 20 years – amid fears of recession triggered by an energy crunch.
At one point the euro fell as low as $1.00005, the weakest since December 2002.
It comes after the Nord Stream 1 pipeline carrying Russian gas to Germany shut…