euro to the dollar in the international market Forex sank by 0.37%, up to $ 0.999, evaluated data. The previous time the euro was cheaper than the dollar almost 20 years ago – December 6, 2002.
The fall of the European currency was observed against the backdrop of the release of data on inflation in the United States. According to the results of June, consumer prices in the United States rose in annual calculus by 9.1% against expert expectations at the level of 8.8%. This is the highest rate since 1981. Inflation data increased the likelihood of further active toughening of the US Federal Reserve Monetary and Credit Policy in order to restrain inflation.
euro was put into circulation from January 1, 1999 (bills and coins were released from January 1, 2002) and initially traded more than the dollar. For the first time, the euro fell to the parity with the dollar in December 1999, that is, less than a year after the creation of this currency. Then there were periods of volatility, but after reaching the parity in 2002, the euro began to grow in 2003 and later retained superiority over the dollar.