Euro drops below 1.02 U.S. dollars, hitting new low since 2022


By Rao BoShan Weiyi
  • World
  • Tuesday, 14 Jan 2025

FRANKFURT, Jan. 13 (Xinhua) --The euro fell below the significant threshold of 1.02 U.S. dollars on Monday, marking a new low since late November 2022.

The European Central Bank (ECB) set the reference exchange rate for the euro against the U.S. dollar at 1.0198, reflecting the currency's continued decline. Analysts warn that the euro could edge further downward, potentially testing the lowest levels recorded in 2022.

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