Euro reaches parity with Dollar: Who it benefits and how it impacts
Jul 13 2022, 11:28 AM ISTThe Euro has been losing strength versus the Dollar since the beginning of the year, when it was hovering at $1.13, owing to the US Federal Reserve's strong inflation-fighting campaign, as well as larger global disruptions caused by Russia's invasion of Ukraine. It's a combination of causes, the most prominent of which being the war in Ukraine.