It is a highly symbolic threshold.

The euro, weighed down by the gloomy outlook for the European economy and the possibility of a stoppage of Russian gas supplies, plunged below the dollar on Wednesday.

This situation had not occurred since December 2002.

As inflation accelerates in the United States and opens the door to an even stricter monetary policy across the Atlantic, the euro traded for 0.9998 dollars around 12:45 GMT (2:45 p.m. French time), a first since the year of its release.

Prices are skyrocketing in the United States

Prices soared again in June in the United States, inflation reaching 9.1%, the highest since November 1981, and increasing the pressure on President Joe Biden, summoned to act for the purchasing power of households. .

This high inflation, which threatens growth insofar as consumption is the main engine of the United States economy, weighs down the popularity of the American president a few months before the elections for Congress.

Inflation had already climbed 8.6% the previous month, according to the Consumer Price Index (CPI) released Wednesday by the Labor Department.

Over one month, the rise in prices amounted to 1.3% in June, against 1.0% in May.

This is more than expected, since a consensus of analysts polled by Bloomberg expected inflation to be 8.8% over one year, and 1.1% over one month.

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The dollar at the price of the euro for the first time since 2002, the year of its introduction

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