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Europe's single currency, battered to within half a cent of the psychological $1 level, runs a risk of falling to dollar parity soon.
An unusual triple dollar parity also loomed over markets, with the Australian and Canadian dollar at, or close to, parity with their American counterpart.
Stooping, not conquering Essential reading Explosive Crash-test dummies The price of entry ReprintsIn China's fledgling foreign-exchange market, the central bank sets a central dollar parity for the yuan each morning.
If the euro reaches dollar parity by the summer, the spread should be worth about 1.75%, a return of roughly 75%.
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Some economists say fixed peso-dollar parity locks in high prices and wages and makes exports noncompetitive.
The euro was worth more than $1.40 for the first time and the Canadian dollar reached parity with the dollar for the first time since 1976.
But the rise of the Canadian dollar to parity and beyond with the United States dollar has squeezed manufacturers in Ontario and Quebec, whose exports are often priced in American currency.
OSHAWA, Ontario — For many in Canada, the rise of the Canadian dollar to parity with its American counterpart is more a source of anxiety than pride.
The rise of the Canadian dollar to parity with the American dollar has reduced the usual cost advantage of Canadian auto plants and put pressure on the union to find cost savings for manufacturers.
The rise of the Canadian dollar to parity with the United States dollar has eliminated the cost advantage once enjoyed by Canadian plants and made labor costs higher in Canada.
The Canadian dollar passed parity with the United States dollar in September, and many Canadians began to shop in malls in the United States to take advantage of their currency's greater purchasing power, analysts said.
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