Euro falls to parity against the US dollar
The value of the Euro has fallen to a 20-year low against the US dollar. The currencies reached parity today, with Russian gas supply and the cost of living fuelling the fall.
The value of the Euro has fallen to a 20-year low and was today in parity with the US dollar. Fears over Russian gas supply and the cost of living crisis are factors in the drop. Senior Market Analyst at City Index, Fiona Cincotta, gives her analysis of the news.
Elsewhere, authorities in China's Henan province say they will start releasing money to customers who have had their funds frozen by several rural banks.
And we speak to the co-founder and CEO of the Swedish buy-now-pay-later firm Klarna, Sebastian Siemiatkowski. The company has seen its value cut by 85% in the latest financing round.
(Image: Economy graph: red down arrow, cash euro banknotes and stock exchange board. Credit: Getty Images)
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- Tue 12 Jul 2022 14:32GMT主播大秀 World Service