In the London foreign exchange market on the 12th, concerns about a slowdown in the European economy due to a shortage of natural gas spread and the euro was sold further against the dollar, and at one point the euro reached a value almost equal to the dollar for the first time in about 20 years. It has fallen.
In the London foreign exchange market on the 12th, the movement to sell the currency euro introduced by 19 countries such as Germany and France accelerated, and at one point against the dollar, 1 euro dropped to almost the same value as 1 dollar.
It is the first time in about 20 years since December 2002 that the euro has fallen to almost the same value as the dollar.
The market has become more strict about the future of the European economy, including the suspension of supply of major pipelines that send natural gas from Russia to Germany due to regular inspections.
"In addition to record inflation, there is widespread harsh view that Russia's supply of natural gas will be stagnant and will have a serious impact on the eurozone's economy," market officials said.