Reuters reveals euro breaks parity against U.S. dollar for the first time in 2 decades

Reuters was first to report the breaking news of the euro’s parity against the U.S. dollar, a level not seen in two decades. The euro started this year on a strong note given a post-pandemic economic recovery. But Russia’s invasion of Ukraine, surging European gas prices and fears that Moscow could cut off supplies completely have hurt the single currency by raising the spectre of recession. Reuters also kept readers ahead on this pivotal moment in financial markets with a number of stories, including an authoritative explainer on why the euro’s fall below parity versus the U.S. dollar matters; an analysis on what’s in store for the euro now, how policymakers might respond and timely market updates.