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Euro Dips Below $1.10 For First Time Since 2020

    Advertisement The euro sank close to a two-year low under $1.10 on Friday as the Ukraine conflict continues to cloud the eurozone’s economic … Continue reading Euro Dips Below $1.10 For First Time Since 2020


A woman leaves a currency exchange office displaying the US dollar and the euro signs in Saint Petersburg on March, 2, 2022. – Russian authorities are scrambling to stem panic as massive sanctions over Moscow’s invasion of Ukraine delivered the worst economic shocks since the fall of the Soviet Union. Russians encountered a bleak new economic reality after Western powers agreed to impose far-reaching sanctions. The ruble has fallen by more than a third against the dollar and euro, Russian planes are barred from all but a handful of countries and ordinary people face serious doubts over the future of their careers, salaries and loan repayments. (Photo by Olga MALTSEVA / AFP)
A woman leaves a currency exchange office displaying the US dollar and the euro signs in Saint Petersburg on March, 2, 2022.  (Photo by Olga MALTSEVA / AFP)

 

 

The euro sank close to a two-year low under $1.10 on Friday as the Ukraine conflict continues to cloud the eurozone’s economic recovery from the pandemic.

The European single currency slid in late morning deals to $1.0992, the lowest level since May 2020, as the greenback benefited also from its status as a haven investment.

 

Details soon…