Soon there will be parity - the euro/dollar pair for the first time in 20 years has fallen below 1.01

Soon there will be parity - the euro/dollar pair for the first time in 20 years has fallen below 1.01
Photo by lilzidesigns / Unsplash
  • The U.S. exports inflation to Europe. A strong dollar negatively affects Europe's economy as the cost of imports increases. Inflationary pressures are increasing, which could accelerate the process of recession in the EU.