The first time in over 20 years that the Euro will be on parity with the US dollar. Meaning, the Euro currency is getting weaker against the US dollar. If you ask me, I would say this is the effect of Russia/Ukraine conflict. More inflation,food crisis and economic collapse will keep occuring if something urgent is not done about the war. #Noisecash #Randomthoughts
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Biden , xi-jinping , zelenskye & Putin only four leaders can finish this war at any time but no one interested to do it. Because all four playing a chess game in the region.
To me, the main person who will call and end to this unnecessary war is Biden. But unfortunately, he's too busy trying to outsmart Putin making the whole conflict more complex. Just like you said, they are all playing a chess game and Ukraine is suffering mostly from it.
It feels like a domino effect, not only for Euro also in Philippine peso. Economic crisis indeed continues
same with our country. Our Philippine Peso weakens versus the US Dollar. Even our gasoline prices increases almost every week. They say there will be a roll back, but the roll back didnt even help. Cause they will gibe a roll back of just a few cent but when they increase it triple or more the price. And when oil price is high almost everything will follow.