DECRYPTION – The weakness of the single currency risks aggravating inflation by making imported goods more expensive.
Parity, when talking about women and men, is an objective, valued and sought after. When it comes to money, in this case the dollar and the euro, it is seen as a weakness, even downright feared.
In recent weeks, the US dollar has inexorably strengthened at the expense of the common European currency. At the beginning of the year, the euro was worth almost 1.14 dollars. On Thursday, it was just over $1.05 after hitting 1.0486 on April 28. With the exception of an episode of weakness in 2016, the euro zone’s currency has fallen to a value it has not known, against the greenback, for twenty years. It was in April 2002, two decades ago, that the famous parity between the two currencies was reached for the last time. A euro was then worth just a dollar. When it was launched on the markets in 1999, the introductory rate of the common currency was 1.1789 dollars. Since the beginning of 2021, the euro has…
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