Breaking: EUR/USD breaks below parity for the first time since 2002 – by FXstreetNews Breaking EURUSD Majors Currencies
finally broke below parity during the American trading hours on Thursday and the pair was last trading at its lowest level since December 2002 at 0.9975, losing 0.8% on a daily basis.
The relentless dollar strength continues to weigh heavily on EUR/USD. Following the mixed macroeconomic data releases from the US,surged to a multi-decade high above 109.00. Earlier in the day, the data published by the US Bureau of Labor Statistics revealed that the annual Producer Price Index jumped to 11.3% in June from 10.9% in May. Meanwhile, Wall Street's main indexes trade deep in negative territory after the opening bell, reflecting the risk-averse market environment.
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