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progree

(11,493 posts)
1. Euro slides as war in Ukraine stokes inflationary shock -
Sun Mar 6, 2022, 08:46 PM
Mar 2022
Yo_Mama_Been_Loggin
https://www.democraticunderground.com/113331750
https://www.msn.com/en-us/money/markets/euro-slides-as-war-in-ukraine-stokes-inflationary-shock/ar-AAUHQaJ

SINGAPORE (Reuters) - The euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as war in Ukraine drove up commodity prices and stoked fears of a stagflationary shock that would hurt Europe most of all.

The common currency dropped as much as 0.6% to $1.0864 in early Asia trade, its lowest since May 2020, opening the way to its 2020 trough around $1.0636.

Oil futures, which surged more than 20% last week, leapt 10% as the United States and Europe mull bans on Russian imports. European gas prices already hit a record on Friday.





Is it possible to have the Euro on the Stock Market Watch page - perhaps in place of the British Pound? Given that the Eurozone is about the same as the U.S. in population and 3/4 of the GDP?

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