FXstreet

Inflation is diminishing the value of the euro, yen and pound relative to the goods and services they can buy even faster than it ravages the greenback. The dollar index, which measures the U.S. currencies against those three rivals plus the Canadian dollar, Swedish krona and Swiss franc, has surged almost 20% over the last 14 months, notably reaching parity with the euro this month for the first time since 2002.

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