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US And Canadian Dollars Equal In Value For First Time Since 1976

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The Canadian dollar has reached parity with the U.S. dollar for the first time since 1976. They are now equal in value. The euro also soared to its highest-ever level against the dollar, trading above $1.40 for the first time since the currency was introduced in 1999.

So why is the dollar plunging, and what impact does that plunge have on U.S. and world markets? Here's a look at some of the reasons for the dollar's fall, and the consequences

Read the whole story at ABC News