Published 2 years ago

Euro slides to 20-year low against the dollar as recession fears build

Summary by Ground News

The euro fell to its lowest level in two decades on Tuesday as fears of a recession in the euro zone ramped up, with gas prices soaring and the Ukraine war showing no signs of abating.

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Times of India

Asian stocks slide, dollar shines as recession fears deepen

"The drumbeat is getting louder and louder about recession risk," said Jason Teh, chief investment officer at Vertium Asset Management in Sydney. "Right now defence is the name of the game. It's the best strategy right now, because in a recession a lot of things can fall out of bed."

2 years ago·India

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BBC News

Pound slides to two-year low against the dollar

Investors flock to the safe haven dollar over concerns about the outlook for UK economic growth.

2 years ago·United Kingdom

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Reuters

Stocks, oil steadier as investors await Fed minutes

U.S. stocks and oil looked to hold steady after steeper losses earlier in the week, as investors processed recession fears and awaited new policy hints from the Federal Reserve.

2 years ago·United Kingdom

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Daily Express

Euro meltdown: EU currency sinks to 20-year low vs dollar as recession panic hits Eurozone

THE Euro has slumped to its lowest value against the US Dollar in two decades - with one analyst suggesting it was a reaction to "the growing risk of a recession" throughout the Eurozone.

2 years ago·United Kingdom

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The Star Kuala Lumpur

Euro slumps to 20-year low against U.S. dollar

FRANKFURT, July 5 (Xinhua) -- The Euro on Tuesday slumped against the U.S. dollar, hitting a 20-year low of 1.029 dollars in the shadow of an economic recession in the euro zone. Read full story

2 years ago·Malaysia

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Irish Independent

Euro tumbles to 20-year low, putting parity with dollar in sight

The euro sank to a 20-year low against the US dollar as investors pared bets on European Central Bank interest-rate hikes, adding to bears' conviction the common currency will tumble to reach parity with the greenback by the end of 2022.

2 years ago·Ireland

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