A Glance at Recent Fundamental Changes of Global Parity Rate of Euro versus US Dollar

Strategic Council Online – Opinion
The parity rate of the Euro versus the US dollar came to equality within the last few days. On July 14, 2022, one euro was traded at $ 1.0032 indicating a fall of 11.8% of the Euro value against the US dollar in comparison with the same day last year. Generally, among the factors for such developments are:
– the unfavorable economic perspective of Eurozone because of the Russian invasion of Ukraine
– Dubious approach of the European Central Bank
– The U.S. Federal Reserve Bank approach coupled with risk
Reza Majidzadeh, Researcher, Development Political Economics