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The exchange rate between the euro and the dollar has reached parity for the first time in 20 years, meaning that the two currencies are equal. Down about 12% from the beginning of the year, the euro hit $1 on Tuesday, signaling the assumption that the European economy is headed towards a deep recession as a result of inflation and energy supply uncertainty caused by Russia’s invasion of Ukraine. The shift in value means European companies and consumers will pay more for imported goods and servi
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