What the Euro Reaching Parity Against the Dollar Means
for the U.S.
As the effects of the Russian invasion of Ukraine continue to affect the already distressed euro, the currency has become equal to or slightly below the U.S. dollar for the first time in two decades. While that may sound appealing to Americans planning a vacation in Europe, it also could put stress on exports and U.S. companies abroad, which could affect investment strategies.
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