Euro falls below dollar for first time since 2002
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down.
Fears that Russia may restrict Europe's supplies of energy have increased the chances of recession in the euro area. Currencies tend to rise when the relevant central bank increases interest rates, as international investors eye a larger return for holding assets priced in that currency. That could contribute to even higher inflation in the eurozone, which is already running at 8.6% for June.
Belgique Dernières Nouvelles, Belgique Actualités
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