Global stocks fall as Euro hits new 20-year low

  • 📰 eNCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Global stocks were down on Tuesday as the euro dove to a new two-decade low against the dollar.

The dollar had surged against its main peers on rate hike bets to become worth more than one euro.NEW YORK - Global stocks were down on Tuesday as the euro dove to a new two-decade low against the dollar and traders waited nervously for news on the next US interest rate hikes.

The dollar had strengthened this week against other currencies ahead of a speech Friday by US Federal Reserve chief Jerome Powell, as markets speculate that the central bank will continue tighten its monetary policy. But the euro also has been weighed down by a gloomy outlook for the eurozone economy as Russia's war in Ukraine has sent energy prices soaring.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sounds like we trading in £'s We made it 🙌

What a happy pay day. I received my payout today and I’m so happy to be a member of your company thank you Lauren_Flores_1

Information is the key to success I’m now seeing more doors of blessings on my first and second trail I got my profit back Gabriel_FOS1

Information is the key to success I’m now seeing more doors of blessings on my first and second trail I got my profit back Gabriel_FOS1

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines