Euro dips below 1.01 against dollar

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Euro dips below 1.01 against dollar

STORY: Euro dips below 1.01 against dollar DATELINE: July 9, 2022 LENGTH: 00:01:07 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of Frankfurt, Germany 2. STANDUP (English): SHAN WEIYI, Xinhua correspondent 3. various of street views and banks STORYLINE: STANDUP (English): SHAN WEIYI, Xinhua correspondent "On July 8, the euro continues to fall against the dollar. The euro-dollar exchange rate falls below to 1.01, hitting its lowest record since 2002." The euro on Friday continued to fall against the U.S. dollar, dropping below 1.01 dollars in intraday trading, its lowest record in nearly 20 years. The reference rate of euro against the U.S. dollar was 1.0163 Friday, lower than the previous day's 1.0180, according to the European Central Bank (ECB). The euro and U.S. dollar would soon be equally strong, and the euro could even sink below parity to 0.9 against the dollar, said Mark Dowding, Chief Investment Officer at BlueBay Asset Management. As of 10:45 p.m. local time (2045 GMT),

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