ECB Bets Boost Euro, Dollar Slips From 20 Year Peak

ECB Bets Boost Euro, Dollar Slips From 20 Year Peak
Pound and U.S. dollar banknotes are seen in this illustration taken on Jan. 6, 2020. Dado Ruvic/Illustration/Reuters
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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.