- The euro has fallen massively against the dollar since Russia’s invasion of Ukraine in February, dropping below the psychologically important dollar parity level as investors worry about a potential recession in the eurozone amid record-high gas and electricity prices and uncertainty around the Russian gas supply.
- The oversized reliance of major economies such as Germany and Italy on Russian gas has left investors unnerved.
- A weak euro and the price rises that it fuels add to the challenges of the European Central Bank.
Why euro falling below dollar parity is a big deal 24.08.2022
