Euro breaks $1 for first time in 20 years – bulldozed by an unstoppable dollar
has slipped below $1 for the first time since December 2002 this week — its latest milestone in a disappointing year where it has slid 12% against the greenback.
Aggressive Federal Reserve rate hikes have also driven the euro lower against the dollar. Foreign investors are likely to buy dollars when rates rise due to more attractive bond yields.
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