BUSINESS Euro drops back under dollar parity


Euro drops back under dollar parity


16:39, August 22, 2022

The euro fell back under dollar parity Monday, hit by expectations the Federal Reserve will stick to its interest rate-hiking plans.

The 20-Euro banknotes are seen in Brussels, Belgium, Dec. 30, 2021. (Photo: Xinhua)

In morning London trade, the European single currency briefly fell to $0.9990 -- the lowest level since mid-July.

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