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August 31st, 2022 
Awake Goy HONG KONG—The euro climbed past parity against a softening dollar on Tuesday, thanks to lower energy prices and the possibility of a super-sized European Central Bank rate hike.
The European common currency was 0.41 percent higher at $1.00390, extending the previous day’s rally, albeit from near 20-year lows.
“It’s about the ECB being priced far more aggressively over the past few sessions, as well as a little bit of pressure coming off the natural gas prices,” said John Hardy head of FX strategy at Saxo Bank.
“It’s also noticeable we’ve seen a bit of magnetism around this parity level for euro/dollar, so many times these big round levels can become major sticking points.”…
The European common currency was 0.41 percent higher at $1.00390, extending the previous day’s rally, albeit from near 20-year lows.
“It’s about the ECB being priced far more aggressively over the past few sessions, as well as a little bit of pressure coming off the natural gas prices,” said John Hardy head of FX strategy at Saxo Bank.
“It’s also noticeable we’ve seen a bit of magnetism around this parity level for euro/dollar, so many times these big round levels can become major sticking points.”…
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