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EU Dollar Euro Parity Explainer

FILE - In this file photo, a long exposure photo shows a car approaching a gas station at a highway in Frankfurt, Germany. The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. The euro is falling as fears of a recession grow due to Russia restricting natural gas supplies. European officials say it's retaliation for the bloc's support for Ukraine amid Russia's war. Meanwhile, the U.S. Federal Reserve interest rate hikes are strengthening the dollar. U.S. tourists may get a break on some of their travel bills, but Europeans will pay more for imported oil because it's priced in dollars. (AP Photo/Michael Probst, File) 
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Information
Source name: 
The Associated Press
Unique identifier: CP163137973 
Legacy Identifier: 52f86f77aa9a4529a6e5b5f0b8b9d392-52f86f77aa9a4529a6e5b5f0b8b9d392-0 
Type: Image 
Dimensions: 6463px × 4580px     3.84 MB 
Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
Special Instructions: FILE 
Create Date: 9/12/2021 2:33:18 AM 
Display aspect ratio: 6463:4580 
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