Skip to content

Five Things You Need to Know to Start Your Day

Euro falls to lowest since 2002 amid broad dollar strength

The dollar is soaring, the US and China are talking and a crypto survey.

The dollar advanced yet again against most of its peers, with gains exceeding 1% against the euro and the Nordic currencies, as investors pondered the fallout of a slowdown in the global economy. The euro slumped to the lowest since 2002 on concern that the European Central Bank may not able to raise rates as much as expected, leaving the currency exposed on interest-rate differentials.