Stocks, bonds and the pound were jolted by policy details from the new government that entailed a huge rise in borrowing.
Tag: Euro (Currency)
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Euro Hits Parity With U.S. Dollar for First Time in 20 Years
In recent months, pressure on the euro has been mounting while investors have been flocking to the U.S. dollar, a haven in times of economic upheaval.
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Your Tuesday Evening Briefing
Here’s what you need to know at the end of the day.
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Eurozone Inflation Hits Highest Level Since Creation of the Euro
The economic toll of Russia’s war on Ukraine keeps widening, with price rises in Germany hitting a record and inflation in Estonia topping 20 percent.
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Weakened Euro May Become Equal to the U.S. Dollar
The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper lows for the shared currency.