There’s a chance the lower prices on imported goods could help fight inflation in the U.S., and tourists in Europe could have their money go further.
NEW YORK — The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency.
It’s a psychological barrier in the markets. But psychology is important, and the euro’s slide underlines the foreboding in the 19 European countries using the currency as they struggle with an energy crisis caused by Russia’s war in Ukraine.
Here’s why the euro’s slide is happening and what impact
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