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The Economic Times

Business

Anupam Nagar

Global Market: Euro under pressure from energy shock and political risks

Euro ING ECB Friedrich Merz Gas Prices United States Europe Oil

The euro is trading close to its lowest levels of the year against the dollar as a global energy shock, rising political risks and concerns over Europe's economic outlook weigh on the single currency, according to a report by Reuters.

The euro had been approaching $1.20 in August but has fallen about 2% in September, touching two-month lows just below $1.14. It was last trading around $1.137.

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