Euro strikes five-year low against dollar
The euro sank to a five-year low of $1.0389 on Thursday as the dollar was lifted by its haven status and U.S. interest rate hikes.
With stock markets hit with risk aversion as inflation, the Russian invasion of Ukraine and Chinese Covid lockdown sap global growth, the dollar has been invigorated as investors seek refuge in U.S. bonds.
Source: Agence France Presse
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://naharnet.com/stories/en/289740 |