Euro Falls to Weakest Versus Dollar Since 2022
- Weak growth, rates outlook have been weighing on the euro
- Pound also underperforms as investors worry about UK activity
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The euro fell to its weakest level versus the dollar in over two years and the pound slid to an eight-month low amid ongoing concerns about Europe’s economy.
The common currency fell as much as 0.5% to $1.0306, the lowest since November 2022, extending its decline since late September to around 8%. The pound dropped 1% to $1.2389, the weakest level since May.