Dollar Stronger Than Euro For First Time In 20 Years

On the Russian exchange, the US dollar was trading higher than the euro. This renders the dollar stronger than the euro for first time in 20 years.

On Tuesday, the euro dropped under the US dollar on the Moscow Exchange as investors worried that the oil crisis will push the European Union into a recession.

As of 10:56 GMT, the euro was trading at 58.52 rubles per euro, while the dollar-ruble exchange rate was 58.70.

The euro edged closer to parity with the dollar on global exchange...

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