HomeEconomyThe euro is again...

The euro is again cheaper than the dollar

Photo: NBU press center

In July, the dollar and the euro tied for the first time in 20 years. The European currency continues to decline.

The euro fell again against the dollar – this happened only for the second time since 2002, the Financial Times wrote on Monday, August 22.

function news4508295() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4508295&lang=2&IsAjax=true’, function (data) { $(‘#nk4508295’).html(data); });


Thus, the euro fell by 0.4% to $0.99.

Because of this, the shares of the European index are also falling. Thus, the Stoxx 600 index lost 1.2%, while the German Dax fell 1.7%.

The fall occurred against the backdrop of an increase in the price of base capacity in Germany, whose figure is considered the benchmark, to a record 603 euros per MWh.

European investors, according to the FT, are worried about the rapid increase in energy prices, which will lead to a decrease in business activity in Europe.

“Governments are starting to share higher energy costs with consumers and businesses have to start slowing down production. At the same time, logistics lines are suffering from a lack of transport capacity in low conditions of water in the Rhine River,” said Jordan Rochester of Japanese bank Nomura.

Earlier in July, the dollar and euro tied for the first time in 20 years.

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular


Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

5 hilarious moments from k-pop idols

Remember some hilarious moments that have happened to different K-pop idolsIn our daily lives, it is extremely common that, unintentionally, things end up getting a little out of control, or that unexpected situations end up arising that create hilarious moments that are remembered by you and your...

The satellite took a photo of the sinking site of the Russian Cyclone

The Russian missile ship "Cyclone" was destroyed by the Ukrainian Defense Forces. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . Satellite images from the impact site appeared online. The photographs show the site of...

After winning “The Masked Singer”, Vanessa Hudgens makes reference to High School Musical

Vanessa Hudgens, actress who played the protagonist in High School Musical, made reference to the film after winning the show The Masked SingerVanessa Hudgensan actress who was the big winner of the show The Masked Singer in the United States, made a reference to High School Musical...

First scenes of the emotion ‘Nostalgia’ are revealed

The first scenes of the emotion 'Nostalgia', a new character from Inside Out 2, were revealed via social media; check out!A small teaser of the emotion 'Nostalgia' in "Inside Out 2" was released through the DiscussingFilm profile on X (formerly Twitter). In the 10-second video,...

check out the boy group’s performance on ‘The Kelly Clarkson Show’

The members of the boy group Stray Kids performed as musical guests on 'The Kelly Clarkson Show' last Wednesday, 22Last Wednesday, 22nd, the boy group Stray Kids performed on the American morning program 'The Kelly Clarkson Show', where they performed their new partnership with the singer Charlie...

Sea Baby marine drones with the Grad system were shown by the SBU (PHOTO)

Sea Baby naval drones were equipped with Grad multiple launch rocket systems. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . For the first time, the Ukrainian intelligence service used the Sea Baby surface drone equipped...