The shared currency falls as low as $0.9881 in the morning. The last time the euro cost less was at the end of 2002.
The euro is still under pressure on the financial markets in view of Europe’s gas crisis. On Monday morning, the common currency fell to $ 0.9881, its lowest level in almost 20 years. The last time a euro cost less was at the end of 2002.
The European Central Bank (ECB) set the reference rate at $0.9993 on Friday. The euro has been burdened for some time by the uncertain supply of natural gas.
In the course of the day, investors should also keep an eye on economic data from the euro zone. The purchasing manager indices for the service providers are published. The US is largely quiet because of a public holiday.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
