Euro/dollar close to parity

The common currency has fallen to a 20-year low. The discussions about maintenance and future gas deliveries via NordStream 1 and concerns about the European economy have weakened the euro. This morning the euro is trading at $1.0119, close to parity. European exports are thus cheaper on the world market. This means that wheat exporters in particular have improved opportunities on the world market. At the same time, imports are becoming more expensive.