Euro plunges to two-decade low vs dollar as economic fears mount
The euro sank to a two-decade low versus the dollar on Tuesday as another surge in natural gas prices reignited worries about the health of the euro zone economy and data showed euro zone business growth slowed sharply in June. The euro tumbled 0.9% against the dollar to $1.0325, its weakest since December 2002. Versus the Swiss franc, it dropped 0.7%to 0.9941 francs, its lowest since 2015. “It will continue to be very difficult for the euro to rally in any meaningful way with the energy picture worsening and risks ...
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