Economy

The consequences of the euro's fall against the dollar

The euro fell below $1.02 this week to its lowest level in 20 years. Here are the concrete consequences of the decline in the value of the single European currency. On inflation, purchasing power Nearly half of all goods imported into the eurozone are invoiced in…

Euro hits 20-year low against dollar on recession risk

The European single currency sank Tuesday to its lowest level against the dollar since 2002 as data pointed to a growing recession risk in the eurozone. The euro also dived as investors eyed aggressive interest rate hikes by the US Federal Reserve in its fight against…