Euro just off two-decade low, volatility at highest since March 2020

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Euro just off two-decade low, volatility at...
 © CyprusMail 2022
The euro edged higher on Thursday, supported by rising risk appetite but still within striking distance of its two-decade low as surging energy prices fuel recession fears.

Meanwhile, implied volatility in the forex market was still at its highest levels since late March 2020 at 11.2 per cent, reflecting a nervous market while investors look at the parity between the single currency and the dollar.

Equities managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes.

“Parity (between the euro and the dollar) is within...


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Article automatically added to our system on Thursday, July 7, 2022

Euro just off two-decade low, volatility at highest since March 2020


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Article Tags: #decade   #volatility   #highest   #since   #march  


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