Euro reaches parity against the dollar

The euro hit parity with the US dollar today, rising to an exchange rate of 1.0015 dollars - its highest value since February 2000 and a psychological boost for the three-year-old shared currency.

The euro hit parity with the US dollar today, rising to an exchange rate of 1.0015 dollars - its highest value since February 2000 and a psychological boost for the three-year-old shared currency.

The euro had been trading at around 99.3 cents earlier in the day after hovering near parity for weeks.

It has now risen 15% since beginning its rally in early April.

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