Euro Tumbles to 17-Month Low on Rates, Inflation Pressures
The euro fell to its lowest point in 17 months on Thursday, pressured by a combination of rising oil prices, inflation, and mounting political uncertainty in the region. Investors are selling off European assets amid concerns about the regional economy.
The euro fell to its lowest level in 17 months on Thursday as investors sold European assets amid concern about the regional economic impact of higher oil prices and inflation, with rising political uncertainty adding to the uncertain backdrop. The currency dropped below $1…