What does it mean that the euro has fallen below parity with the dollar?

, jumping to its most reduced level in 20 years and finishing a coordinated conversion scale with the U.S. cash.

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Understand MORE: Europe's national bank raises financing costs for first time in quite a while

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Here's the reason the euro's slide is occurring and what influence it could have:

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While continually changing, the euro has dropped recently under a worth of $1 this week.

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COVID-19 pandemic have been supplanted by downturn expectations.

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Energy costs have driven euro-region expansion to a record 8.9 percent in July,

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When did the euro last be equivalent to the dollar? The euro was keep going esteemed underneath $1 on July 15, 2002.

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