The exchange rate of the euro to the US dollar fell to a parity Citches: will continue to fall

Xinhua News Agency, Frankfurt, July 12 (Reporter Shan Weiyi) Data from the European foreign exchange trading market shows that on the 12th, the exchange rate of the US dollar to the US dollar fell to 1 to 1 on the 12th.

According to the European Central Bank of China, the exchange rate of the US dollar on the 11th from 1 to 1.0163 the previous day was reduced to 1 to 1.0098, and the cumulative decline in a total of more than 11%since the beginning of 2022.

The German "Business Daily" website analyzed that the continued decline in the exchange rate of the euro to the US dollar was related to the stronger of the US dollar, the high inflation of the euro zone, the spread of the European energy crisis, and the rise in European high -liabilities risks under the expected expectations of the European Central Bank.

Citi Group's currency analyst Ibrahim La Barry predicts that the euro will continue to fall after falling to parity with the US dollar.

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