Trade war worries drive euro to two-year low

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Financial Times 15h ago

Trade war worries drive euro to two-year low - Financial Times

Quick Summary:

The euro has been sliding since September, partly a victim of so-called Trump trades that intensified following the US presidential election.

The euro’s fall was also a response to the worsening geopolitical situation in Europe, and its implications for the Eurozone economy, amid Russia’s deepening war with Ukraine, analysts said.

A purchasing managers survey for the eurozone on Friday showed that business activity unexpectedly declined this month.The index fell to 48.1, below the 50 level that separates expansion from contraction.