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EXPLAINER: What’s the impact of euro parity with the dollar?

A man gets money at a currency exchange office at Syntagma square in Athens, Greece, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Thanassis Stavrakis) A woman sits at a cafe as a screen of a currency exchange office shows the foreign exchange at Omonia square in Athens, Greece, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Thanassis Stavrakis) An employee adds the currency at an exchange office at Syntagma square in Athens, Greece, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Thanassis Stavrakis) A screen of a currency exchange office shows the foreign exchange at Syntagma square in Athens, Greece, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Thanassis Stavrakis) A screen of a currency exchange office shows the foreign exchange as pedestrians walk at Omonia square in Athens, Greece, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Thanassis Stavrakis) A cashier changes a 50 Euro banknote with US dollars at an exchange counter in Rome, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Gregorio Borgia) People wait at a currency exchange office as pedestrians walk at Omonia square in Athens, Greece, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Thanassis Stavrakis) Exchange rates for U.S dollars and the Euro currencies are displayed outside a change office Wednesday, July 13, 2022 in Paris. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years.(AP Photo/Thomas Padilla) The Euro sculpture stands in front of the former European Central Bank in Frankfurt, Germany, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Michael Probst) A cashier changes a 50 Euro banknote with US dollars at an exchange counter in Rome, Wednesday, July 13, 2022. The euro on Tuesday fell to parity with the dollar for the first time in nearly 20 years. (AP Photo/Gregorio Borgia)
EXPLAINER: What’s the impact of euro parity with the dollar?