For the first time in 20 years, the U.S. dollar is equal to the euro. Here's why it's happening and what it means for American travelers in Europe. https://cbsn.ws/3P7yu0O | CBS News

The exchange rate between the euro and the dollar has reached parity for the first time in 20 years, meaning that the two currencies are equal. Down about 12% from the beginning of the year, the euro hit $1 on Tuesday, signaling the assumption that the European economy is headed towards a deep recession as a result of inflation and energy supply uncertainty caused by Russia’s invasion of Ukraine. The shift in value means European companies and consumers will pay more for imported goods and servi