New York: On July 13, the dollar surged to a 20-year high against a basket of currencies and the euro broke below parity against the greenback. The data showed that U.S. consumer price inflation surged to a 40-1/2-year high in June. The euro plunged to $0.9998 against the greenback, breaking below the $1 level for the first time since Dec. 2002, before bouncing back to last trade at $1.0024.
