Euro Tumbles to 20-Year Low, Putting Parity With Dollar in Sight - BitcoinEthereumNews.com
अर्थव्यवस्थायूरो 20 साल के निचले स्तर पर, डॉलर के साथ बराबरी पर आ गया07 / 05 / 2022बिटकॉइन एथेरियम समाचार (Bloomberg) — The euro slid to the lowest level against the US dollar in two decades as investors grappled with the prospect of an energy crisis that risks tipping the region into a recession. ब्लूमबर्ग से सर्वाधिक पढ़ें The common currency fell as much as 1.8% to $1.0235, its weakest level since December 2002, weighed down by the threat of gas shortages that could disrupt industrial activity across the region if Russia cuts off supplies. Money-market traders trimmed ECB tightening bets against the darkening backdrop, widening the interest-rate differential with the Federal Reserve. The fallout has hampered the ECB‘s ability to raise rates as fast as the Fed despite record inflation, knocking around 10% off the euro’s value from a peak around $1.15 this year. There is now a 60% chance the common currency extends its slide to parity versus the dollar by year-end, up from 46% on Monday, according to Bloombergs options-pricing model. “Parity is just a matter of time,” said Neil Jones, head of FX sales to financial institutions at Mizuho. Strategists at HSBC Holdings Plc and Nomura International Plc also see the