Gavin Wood is stepping down as the chief executive officer at Parity Technologies, which builds blockchain infrastructure. Wood will remain as the company’s major shareholder. Björn Wagner, co-founder of Parity, Read more
Tag: parity
Euro returns to parity vs. the dollar as energy price spike raises eurozone economy fears
The euro fell below parity against the dollar again as traders dumped the single currency amid renewed fears surging energy costs would cause recession in Europe. The buck’s bounce was Read more
Rampant U.S. dollar pushes euro below parity
The euro fell below parity to the dollar on Thursday, succumbing to the power of a rampant buck as traders raised bets that surging U.S. inflation will force the Federal Read more
Euro breaks through parity amid concern for U.S. inflation and eurozone energy crisis
The euro EURUSD, -0.94% traded below $1 for the first time in 20 years, reflecting both surging U.S. inflation that’s raising expectations for Federal Reserve rate hikes as well as Read more
Italian bonds slump, euro flirts with parity ahead of ECB introduction of anti-fragmentation tool
Italian government bonds slumped on Thursday with Prime Minister Mario Draghi in danger of being booted out of office, only a week ahead of a new tool from the European Read more
Euro takes fresh run toward parity after U.S. inflation hits 41 year high
Stronger-than-expected U.S. inflation provided the nudge to push the euro back toward parity against the dollar on Wednesday. The euro EURUSD was last changing hands at $1.0019, hitting a session Read more
U.S. stocks open higher as dollar retreats from parity with euro
U.S. stocks opened mostly higher on Tuesday as Treasury yields declined and the dollar retreated from parity with the euro. The S&P 500 SPX, +0.47% dropped 2.5 points, or 0.1%, Read more
Euro pauses at parity. But what comes next?
In markets, big round numbers attract. But they often also provide support and offer resistance. So after powering towards 1.00 early on Tuesday, the euro/dollar rate came to a juddering halt, Read more
Euro slips closer to parity as Goldman warns the ECB could respond more ‘forcefully’ to a weak currency’
As the euro moved ever closer toward parity on Tuesday, one big Wall Street bank warned that investors may be underestimating the firepower of the bloc’s central bank. Pressure resumed Read more
The euro suffers another big selloff, pushing it closer to parity against a strong dollar
The euro moved another step closer to parity on Monday, with traders betting that high inflation leaves the region’s central bank unable to stop a recession as war rages in Read more