Euro Hits US Dollar Parity: What Does That Mean?
July 19, 2022
1,251
31
3
2.72%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Bloomberg News Episodes Around July 19, 2022
See what was published immediately before and after this episode.
2:38Now PlayingEuro Hits US Dollar Parity: What Does That Mean?
YouTube Description
as posted by the channelAs the US economy went into meltdown during the 2008 global financial crisis, 1 euro was worth about 1.6 times the US dollar.
Now a combination of Europe’s front-line exposure to Russia’s war in Ukraine and the European Central Bank’s sluggishness in raising interest rates have driven it to parity, or a 1:1 ratio with the dollar.
It’s the first time the euro has sunk to that level since 2002, in the early years of the currency’s existence.
Nicole Sy explains what that means.
Subscribe to our YouTube channel
Subscribe to our newest channel Quicktake Explained
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.