Latest News

Currencies: The euro suffers another big selloff, pushing it closer to parity against a strong dollar

The euro moved another step closer to parity on Monday, with traders betting that high inflation leaves the region’s central bank unable to stop a recession as war rages in Ukraine.

The euro EURUSD slid 1.2% to $1.0057 against the dollar, to a level not seen since late 2002. The euro EURCHF fell below parity against the Swiss franc, trading at 0.9917 francs, similar to a move seen a few days ago.

Traders…

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published.

More in:Latest News