The euro weakened to parity with the dollar

The dollar has strengthened to record highs in a month

European stock markets were also falling. In Helsinki, the exchange rates were down 0.9 percent.

13:34•Updated 13:36

Today, the euro weakened to levels with the dollar, for the first time since 2002. The fear of a recession in the euro area weighs on the euro.

European stock markets were also falling. In Helsinki, the exchange rates were down 0.9 percent.

In its morning review, Nordea stated that the strengthening of the dollar may gain further momentum if the June inflation figures to be published in the United States on Wednesday confirm expectations of new policy rate hikes. In May, US inflation reached its highest level in more than 40 years, reaching 8.6 percent.

The euro has weakened against the dollar by 15 percent since the beginning of the year.

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