Euro plummets to a 20-year low amid war in Ukraine 22.09.2022

Deutsche Welle | Sep 22, 2022 at 2:00 AM
  • The euro sank to a two-decade low of $0.9810 on Thursday.
  • It came after Russian President Vladimir Putin ordered the partial mobilization of reservists in an escalation of the war in Ukraine and after the Federal Reserve enforced another stark interest rate hike as a response to soaring inflation.
  • And South Korea’s won dropped down past its symbolic 1,400 per dollar mark for the first time since 2009 while the Chinese yen was down about 20% on the dollar this year and at 144.29 per dollar is near a 24-year low.