finally broke below parity during the American trading hours on Thursday and the pair was last trading at its lowest level since December 2002 at 0.9975, losing 0.8% on a daily basis.
The relentless dollar strength continues to weigh heavily on EUR/USD. Following the mixed macroeconomic data releases from the US,surged to a multi-decade high above 109.00. Earlier in the day, the data published by the US Bureau of Labor Statistics revealed that the annual Producer Price Index jumped to 11.3% in June from 10.9% in May. Meanwhile, Wall Street's main indexes trade deep in negative territory after the opening bell, reflecting the risk-averse market environment.
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