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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 Ukraine.
The euro EURUSD slid 1.2% to $1.0057 against the dollar, to a level not seen since late 2002. The euro EURCHF fell below parity against the Swiss franc, trading at 0.9917 francs, similar to a move seen a few days ago.
Traders…
