Euro on Brink of Parity in Shock Market Shift!

Euro on Brink of Parity in Shock Market Shift!

US stock markets closed unevenly on Monday. The Dow was calculated at 42,297 points, a 0.9% increase from the previous trading day. In contrast, the Nasdaq 100 finished the day at 20,785 points, a 0.3% decline, while the broader S&P 500 closed at 5,836 points, a 0.2% gain. The dominant theme remains the future monetary policy of central banks. Lately, investor concerns have increased that the expected further interest rate cuts by the US Federal Reserve (Fed) might come to a halt for the time being.

The European common currency was weaker on Monday evening and is getting closer to the parity with the dollar: one euro cost 1.0218 US dollars, and one dollar was worth 0.9787 euros.

Meanwhile, the gold price has dropped significantly, with a fine ounce being sold for 2,661 US dollars (-1.1%) in the evening, equivalent to 83.74 euros per gram.

Oil prices, on the other hand, rose significantly: a barrel of North Sea Brent crude cost around 22:00 German time, 80.83 US dollars, a 1.3% increase from the close of the previous trading day.