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The euro has reached parity with the U.S dollar for the first time in over 20 years, with only a one cent difference in the exchange rate. The euro's weakness, due to factors like the war in Ukraine and rising gas prices, has led to fears of a European recession. This situation may benefit businesses in tourism and international travelers from the U.S due to the euro's low value. It is uncertain how this parity will affect individuals depending on their circumstances.
