- The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region.
- Europe is scrambling to wean itself off Russian supplies and build up reserves before the cold winter months, but investors reckon the hit to its economy will be huge.uncertainty around the Russian gas supply.
- A weak euro and the price rises that it fuels add to the challenges of the European Central Bank.
Why the euro’s persistent weakness is a big deal 05.09.2022
