For the first time in 20 years, the value of the US dollar and euro are equal

For the first time in 20 years, the value of the US dollar and the euro are equal.

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[{"selector":"#anim-be763f46-3a3f-4ece-b734-e179d8e8a786 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] According to Bloomberg, the two currencies reached parity on Wednesday morning when the euro rapidly declined in value as a result of alarming U.S. inflation figures.

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[{"selector":"#anim-b9a43548-a8fd-45a6-b006-1205f2a9b755 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The U.S. Bureau of Labor Statistics' news on Wednesday morning that U.S. prices increased by 9.1% in June compared to a year earlier sent shockwaves through the currency markets.

[{"selector":"#anim-8df0da9c-f749-4481-9d8b-66942e9749b7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The ongoing conflict in Ukraine has caused the single currency of 19 E.U. members to weaken, which has shocked the world's food and energy markets.

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