The euro fell to its lowest level in 20 years to approach parity with the US dollar.. “The Seventh Day” monitors in points what does the parity point between the dollar and the euro mean.
Potential to have a significant impact on investment, financial and currency markets in the world.
Central banks in the world seek to control inflation, which means higher prices by raising interest rates.
– There are 8 interest rate meetings a year held by every central bank in the world.
The US Central Bank raised interest rates 3 times so far in 2022 by 1.5%, to record interest on the dollar at 1.75%, which gave more strength to the US currency, amid expectations that the policy of raising interest rates to the level of 4% will continue until the end of next year.
The Russian-Ukrainian war continues to have a negative impact on the economies of European countries, as it imports 40% of energy from Russia.
The rise in inflation in Europe to more than 8% in some countries due to the rise in energy and food prices and the delay of the European Central Bank in raising interest rates led to the decline of the euro.