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The euro exceeds parity with the dollar

MADRID, 25 Ago.

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The euro exceeds parity with the dollar

MADRID, 25 Ago. (EUROPA PRESS) -

The price of the euro against the dollar has returned to be slightly above parity this Thursday, after learning that Germany grew one tenth more than expected in the second quarter of 2022 and waiting to know the minutes of the meeting last July of the European Central Bank (ECB) and the start of the meeting in Jackson Hole (United States).

In this way, the exchange rate for the euro against the 'green ticket' has reached 1.0018 dollars from 0.9965 yesterday's settlement, after falling to the lowest since February 2002 on Wednesday.

Before the opening of markets in the Old Continent, the Federal Statistical Office (Destatis) announced that Germany's gross domestic product (GDP) grew by 0.1% between April and June compared to the first quarter of 2022, when it had registered an expansion of 0.8%, which represents an upward revision of one tenth of the first estimate of the data.

In this way, the German economy recovered in the second quarter of 2022 the level registered in the fourth quarter of 2019, immediately before the pandemic.