The Diplomat
The euro briefly fell back below parity against the dollar on Monday amid the prospect of an energy crisis in Europe and signs of a possible recession in the euro zone, and in anticipation of a meeting later this week in Jackson Hole of representatives of the US Federal Reserve and other central banks.
Thus, the exchange rate of the euro against the ‘greenback’ fell on Monday to 0.9992 dollars from 1.0034 dollars at the previous close, although after the opening of the Old Continent’s stock markets the European currency recovered some of the lost ground and went on to exchange for 1.0010 dollars at the end of the week.
