{"id":516342,"date":"2022-08-24T09:36:26","date_gmt":"2022-08-24T04:06:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516342"},"modified":"2022-08-24T10:04:18","modified_gmt":"2022-08-24T04:34:18","slug":"euro-slumps-to-two-decade-lows-against-dollar-as-energy-crisis-bites","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/euro-slumps-to-two-decade-lows-against-dollar-as-energy-crisis-bites\/","title":{"rendered":"Euro slumps to two-decade lows against dollar as energy crisis bites"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; The euro hit a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain.<\/p>\n<p>China&#8217;s yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020. <\/p>\n<p>Business activity data from Europe was not as bad as feared, pushing the euro off the 20-year low hit early in the session, at $0.99005.<\/p>\n<p>But by 0820 GMT, the currency was still down 0.15% at $0.9930 and holding below the key $1-level. <\/p>\n<p>&#8220;What we&#8217;re trying to figure out is how much of the move in the euro is driven by thin summer liquidity and how much is driven by flows,&#8221; said Kenneth Broux, a currency strategist at Societe Generale in London.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; The euro hit a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain. China&#8217;s yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020. Business activity data from Europe was not as bad as feared, pushing the euro off the 20-year low hit early in the session, at $0.99005. But by 0820 GMT, the currency was still down 0.15% at $0.9930 and holding below the key $1-level. &#8220;What we&#8217;re trying to figure [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-516342","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=516342"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516342\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}