The Clap
The Euro is at its lowest level in 20 years, & is pretty close to reaching parity with the U.S. Dollar.
You Should Know
The fall in the Euro comes amid recession fears in the Euro area, as well as energy concerns.
On the other hand, the U.S. Dollar has been rising due to investors flocking to safe-haven investments amid increasing interest rates.
Why this Matters
With the Federal Reserve surely raising rates again, the US Dollar could continue to strengthen.
However, the rise in the U.S dollar against the Euro has been steep, & some analysts expect investors to realize profits, leading to a short-term bounce in the Euro.
At the time this article was written, 1 Euro equaled $1.000341.
