As Euro Hits 12-year Low, Parity With Dollar Looms

Beyond the symbolic value that two of the world's biggest reserve currencies are worth the same, the euro's decline is helping exporters in the 19 eurozone states and will make it less expensive for U.S. tourists to visit the old continent. Since its launch in 1999 at a rate of just shy of $1.18, the euro has spent most of its time above current levels. By the summer of 2008, just before the global financial crisis took a particularly damaging turn with the collapse of U.S.

Topics:  lehman brothers   u.s    euro   

 

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