LAST UPDATE: 12:56 p.m
The euro edged even closer to absolute parity with the dollar today as the euro zone’s energy supply sufficiency and concerns about the bloc’s economies continue to weigh on the common European currency. Fears of a recession have risen in recent weeks amid growing uncertainty over the bloc’s energy supplies, with Russia threatening to further cut gas flows to Germany and the wider continent.
In the foreign exchange market, the euro against the dollar is down 0.27% at $1.0014.
It is recalled that the lowest levels against the American currency were recorded by the euro on July 5, 2001 ($0.8380).
The euro is at 137.4050 yen, 0.8453 against the pound and 0.9851 against the Swiss franc.
The dollar was down 0.12% against the yen at 137.2500 yen.
Sterling was down 0.41% against the dollar at $1.1844.
Source: Capital
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