The weakening euro has been getting closer to parity with the U.S. dollar since mid-2021. A very robust June jobs report on Friday, and analysts' expectations of a further 0.75 percentage point hike by the Federal Reserve this month are making the dollar stronger than expected. Mark Zandi, chief economist at Moody's Analytics, estimates a 10% increase in the dollar within the past year against the foreign currencies. "Generally, the euro has been higher than the dollar," Zandi said. "But there's been a weakening and the euro is now more vulnerable due to the Russian invasion in Ukraine and that's leading to higher oil prices, natural gas, and agricultural prices." Read more about what this means at the link in our bio.