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News

Euro slumps to two-decade low as recession fears grow

* Euro at lowest level since end of 2002 * Dollar rises on safe-haven demand * Yen sinks near 24-year lows again By Herbert Lash NEW YORK, July 5 (Reuters) - Safe-haven demand strengthened the dollar on Tuesday to levels last seen in 2002 while the euro slumped to two-decade lows as the latest surge in European gas prices fueled recession concerns.
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Euro slumps to two-decade low as recession fears grow

* Euro drops to lowest level since end of 2002 * Dollar rises on safe-haven demand * Yen sinks near 24-year lows again By Herbert Lash and Marc Jones NEW YORK/LONDON, July 5 (Reuters) - Safe-haven demand strengthened the dollar on Tuesday to levels last seen in 2002 while the euro slumped to two-decade lows as the latest surge in European gas prices fueled recession concerns.
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Euro slumps to two-decade low as recession fears grow

* Euro drops to lowest level since end of 2002 * Dollar rises on safe-haven demand * Yen sinks near 24-year lows again By Herbert Lash and Marc Jones NEW YORK/LONDON, July 5 (Reuters) - The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to the region's recession worries, while safe-haven demand for U.S.
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Euro slumps to two-decade low as recession fears bite

* Euro drops to lowest since end of 2002 as concerns build * Dollar rises as Treasury yields rebound * Yen near 24-year lows again * Aussie dollar fails to gain traction after 50 bps rate hike * Norway's crown drops nearly 1.2% as gas workers strike By Marc Jones LONDON, July 5 (Reuters) - The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to the region's recession worries and a rebound in U.S.
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Recession fears drive EM currencies to 20-month lows

* Euro-linked currencies sink * MSCI EM FX index lowest since Nov 2020 * Forint hits record low vs euro By Sruthi Shankar and Devik Jain July 5 (Reuters) - Emerging market currencies sank to their lowest in 20 months on Tuesday as the dollar stood tall amid growing worries of a recession, with a surge in European gas prices hammering markets in central and eastern Europe.
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