Euro strikes dollar parity for first time since 2002

(Shutterstock)
Short Url
Updated 12 July 2022
Follow

Euro strikes dollar parity for first time since 2002

London: The euro struck parity with the dollar on Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened rears of a recession in the eurozone, AFP reported.

The European single currency hit exactly one dollar before rising slightly.