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The euro and dollar are worth the same for the first time in 20 years

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The euro and dollar are worth the same for the first time in 20 years

For the first time in 20 years, the exchange rate between the euro and the US dollar has reached parity, meaning the two currencies are worth the same. The parity in the two currencies comes after the euro plunged nearly 20% in value over the past 14 months compared to the U.S. dollar.

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