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Euro exchanges for N630 at black market as dollar closes up gap

•Parity reveals local currency’s stickinessDespite the parity in the prices of the United States (US) dollar and euro at the global foreign exchange (FX)...

European stocks drop at open as euro nears dollar parity

Europe’s main stock markets retreated at the open Tuesday, as the euro came ever closer to parity with the dollar, on growing expectations that...

Recession worries weigh on euro as US stocks advance

The euro retreated against the dollar Thursday as economic data pointed to increased prospects of a recession in Europe, while Wall Street stocks finished...

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