U.S. Dollar Index
The euro has been losing ground versus the US dollar during the past few trading days. Yesterday, the value of the US dollar surpassed that of the Eurozone’s common currency as the latter hit a 20-year low. This sudden change in the balance of power in the forex market is being attributed by analysts to a confluence of events.
EUR/USD: The Euro Drops to a 20-Year Low
Euro Drops Against the Dollar
The EUR/USD Forex pair fell by 1% after the close of trade on Monday, marking the second occasion since the start of 2022 that this important currency pair has fallen below parity