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Euro Reaches Parity With Dollar for First Time in Decades

Euro Reaches Parity With Dollar for First Time in Decades

For the first time since 2002, the Euro has reached parity with the dollar. The currency fell to $0.9998 on Tuesday, though by the end of the day, it was up again, at $1.003, according to CNBC. The US dollar index also hit a 20-year high, at $108.56, though it has slightly dropped since.

In the wake of Russia’s invasion of Ukraine, Europe has been plagued by an energy crisis, with Russia issuing threats to decrease gas supply to the euro…


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