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Dollar exceeds euro for first time in 20 years
Finance
- 13 July, 2022
- 13:39
The euro has dropped below the US dollar for the first time since 2002, when Europe's unit currency euro was put into cash circulation.
According to the information, the exchange rate of a dollar made 0.9999 euros following the release of data on record inflation in the United States.
In May of this year, annual inflation in the United States reached 108.6%, breaking a 41-year record.
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