Why did the price of the euro decrease for the first time against the dollar in the world?

 In the year of 1998, when the European currency euro first came into existence as a trend in the world, the euro was priced at 1.19 against the dollar.

The European currency was at 1.60 against the dollar at the time of the 2008 economic crisis in the US, and suddenly last week the euro fell in front of the dollar. The price of the Euro against the Dollar has come down to 0.9998 whereas today the price of the Euro against the Dollar has decreased to 0.9931.

    For the first time in 20 years, the European currency (Euro) price has decreased against the dollar.

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Why is the dollar worth more than the European currency Euro?

   Inflation in the USA is the highest in 40 years, and the Federal Reserve Bank of America is increasing the rate of interest to reduce inflation. The interest rate has increased from 0% to 2.25% to 2.50%, and the interest rate is likely to increase further from 0.50% to 0.75% by September 2022.

The increase in the USA interest rate can be seen in the USA economy and due to this very little investment is being seen in the stock market.

Due to the reduced inflation in July, and August, there was a significant increase in investment in the stock market, but according to Jerrol Powen, Governor of the USA Federal Reserve and President of Sand Louis, there is still a possibility of increasing the percentage of USA interest rate and Due to this, investment is being made again in the lion market.

Due to the rise in the interest rate of America, investors in the stock market are better off investing in the stock market than keeping them in dollar cash. Because of this, dollars are also increasing in cash.

Due to the war between Russia and Ukraine, the price of gas and crude oil in the world has also increased and due to the adverse effect, the European country is getting more impact.

There is a possibility of going from 0.60 to 0.75 in front of the dollar in the world, whose effect will be visible for a long time.

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What is the effect of the increase in the price of Euro to Dollar in India?

The price of the Euro has always been higher than the Dollar in India, but for the first time, it has happened that the value of the Dollar in India is more than Euro, last night the price of the Euro in India according to the Indian currency has come down to 79.32 Rupees has happened. Today the dollar index price in India is 109.06 rupees, and today 1 euro in India according to the Indian currency is 79.22 rupee