Euro

News From WSJ Euro EURUSD • • 06/13/23 • • • • 06/13/23 • • • • 06/13/23 • • • • 06/13/23 • • • • 06/11/23 • • • • 06/11/23 • • • • 06/08/23 • • • • 06/08/23 • • • • 06/08/23 • • • • 06/07/23 • • • • 06/07/23 • • • • 06/07/23 • • • • 06/07/23 • • • • 06/06/23 • • • • 06/06/23 • • • • 06/06/23 • • • • 06/06/23 • • • • 06/05/23 • • • • 05/31/23 • • • • 05/30/23 • • • • 05/29/23 • • • • 05/28/23 • • • • 05/25/23 • • • • 05/24/23 • • • • 05/24/23 • • • • 05/23/23 • • • • 05/22/23 • • • • 05/22/23 • • • • 05/21/23 • • • • 05/19/23 • • • • 05/18/23 • • • • 05/18/23 • • • • 05/17/23 • • • • 05/16/23 • • • • 05/15/23 • • • • 05/15/23 • • LAST (MID) CHG % CHG 1.0943 -0.0003 -0.03% 140.28 0.01 0.00% 0.6881 -0.0001 -0.01% 1.3224 0.0003 0.02% 153.51 -0.04 -0.02% 0.9760 -0.0001 -0.01% 17.1268 0.0073 0.04% 0.6237 0.0001 0.02% 1.2784 0.0001 0.01% 1.1680 0.0002 0.02% 10.5955 -0.0028 -0.03% 0.8918 0.0000 0.00% 7.1210 0.0000 0.00% 96.23 0.01 0.01%

LONDON, July 13 (Reuters) - Europe's single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears in the euro area. On Wednesday, it slumped to as low as $0.9998 and is down almost 12% so far this year. It started the year on a strong note before the war in Ukraine fuelled inflation and hurt the bloc's growth outlook. Here's an outline of the significance of the move. WHAT'S THE BIG DEAL? For starters, a drop below the $1 level is rare. Since its birth in 1999, the single currency has spent very little time below parity. In fact, the previous time it did so was between 1999 and 2002, when it sank to a record low of $0.82 in October 2000. Euro banknotes and coins were only introduced on Jan. 1, 2002, with the currency only existing before that day as a unit of account for settling cross-border transactions. Within its relatively short two-decade history, the euro is the second-most sought-after currency in global currency reserves and daily turnover in the euro/dollar is the highest among currencies in the global $6.6 trillion market per day. BUT EVERYTHING'S WEAK VERSUS THE DOLLAR True. The likes of sterling and the yen have also slid this year, partly because of more aggressive U.S. rate hikes have boosted the dollar's appeal and also as global recession fears have sent investors flocking to the safe-haven dollar. The European Central Bank is expected to start hiking rates at its July 21 meeting. Th...

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