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Entertainment episode of the crises: Euro falls again at 20-year low

13:30  28 september  2022
13:30  28 september  2022 Source:   tagesspiegel.de

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with $ 0.9544, the European currency is recording a new low. The reason is the energy crisis and weak economic prospects.

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The euro is still under high pressure on the financial markets. On Wednesday, the community currency again fell to a 20-year low with $ 0.9544. The European Central Bank (ECB) had set the reference course on Tuesday afternoon even higher at $ 0.9644.

still puts many other currencies under considerable pressure. The US currency receives buoyancy from the generally uncertain location, since it is considered a global reserve currency.

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In addition, there is the tight monetary policy course of the US Federal Reserve Fed , which is faced with powerful interest rates against the high inflation. For its part, the euro will be burdened by the energy crisis in Europe and the weak economic outlets. (dpa)

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