Euro Falls to Two-Year Low Against Dollar.


In the last two years, the euro has fallen to its lowest level against the dollar due to issues in the European economy and differences in the monetary policies of the EU and the USA.
According to Bloomberg, the euro has dropped by 0.4% to $1.0314, marking its lowest level since November 2022. Since September, the euro has decreased by about 8%, starting from the end of September when the rate exceeded $1.12, as reported by Economic Truth.
The main reasons for the decline are fears that export-oriented economies in the EU will be affected by American trade tariffs, as well as expectations that the European Central Bank will lower interest rates more aggressively than the US Federal Reserve.
Additionally, political instability in the largest economies of the EU is impacting the euro.
Many analysts predict that the euro exchange rate will fall to parity with the dollar or even lower this year.
The last Time this psychological barrier was breached was in 2022, when the energy crisis caused by Russia's full-scale invasion of Ukraine spread across Europe and heightened recession fears.
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