Euro and Dollar Exchange Rate Equalized: What is the Cause of the Euro's Weakness?

For the first time in the last 20 years, the exchange rate between the euro and the dollar has equalized in the international market.

The weakening of the euro is occurring against the backdrop of an energy crisis in Europe. Additionally, the Federal Reserve of the United States is expected to continue raising interest rates more rapidly than other countries.

Pressure on the euro is also being exerted by the expectations of interest rate hikes from the European Central Bank.